The great depression of the years between the World Wars is widely held to have led to the collapse of democracy in many countries. This study of Greece, which recovered quickly from the economic crisis, argues that there is no simple correlation between economic and political crisis.

The impact of protectionism is a contentious policy issue. This book evaluates the effects of protectionism on the British inter-war economy and argues that trade policies should be constructed in the context of prevailing economic conditions, not solely with reference to theoretical perspectives.

First published in 1997, this book analyses some of the key economic issues facing Europe in the interwar period, against the uncertain international, political and economic background of the time. Among the subjects discussed are the legacy of the peace settlements, inflation, trade and reconstruction, international lending, depression and recovery, the position of Eastern and Central Europe, and the progress of the peripheral nations. The book contends that the peace treaties raised more problems than they solved, while the policy mistakes of the Allied powers after the First World War, and their failure to devise an adequate programme of economic and financial reconstruction, weakened the already divided continent, contributing to its disintegration.