Walking wounded: The British economy in the aftermath of World War I
Walking wounded: The British economy in the aftermath of World War I
Friday 12 Sep 2014New Vox Eu Column
Walking wounded: The British economy in the aftermath of World War I
Nicholas Crafts 27 August 2014
It is well-known that World War I was expensive for Britain. The indirect economic costs were also huge. In this column Prof. Crafts argues that the adverse implications of the Great War for post-war unemployment and trade – together with the legacy of a greatly increased national debt – significantly reduced the level of real GDP throughout the 1920s.
About
Nicholas Crafts is an economic historian who specializes in questions relating to economic growth and productivity performance in European countries.