<p>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.</p><p>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.</p> Contents: The Legacy of the Versailles Settlement; Postwar Instability in the European Economy; Inflation, Currency Depreciation and Reconstruction in Europe; The Decline of Europe: Trade and Reconstruction in the 1920s; International Lending, Debtor Countries and the Great Depression; Europe in depression; Coping with Depression in Eastern Europe; Europe’s Third World? The Peripheral Nations in the Interwar Period; Index.