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Structural Changes During The Interwar Period

348 Words2 Pages

Although there was a large period of significant technological development during the Interwar Period, it was also a large period of missed opportunity to further improve living standards across Europe and in the US. During WWI and the 1920’s there was a large shift towards greater production of consumer durables in new industries and a shift away from staple trades. This speed of this change in structure is thought to have made the market more vulnerable to instability, though has been recently questioned when compared to the speed of structural change was slower in the interwar period than after WWII during which no similar instability occurred. As a result it may be the nature of the structural change rather than the speed of said change

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