Chapter 3

NCERT
Class 10
History
Solutions
1. Briefly summarize the two lessons learnt by economists and politicians from the inter-war economic experience?

Question:

Discuss-4

Briefly summarize the two lessons learnt by economists and politicians from the inter-war economic experience?

Answer:

  • The inter-war economic experience was very bad.
  • Most of the countries were devastated and cities were destroyed.
  • The economists and politicians learned that they had to ensure economic stability of the industrial countries.
  • Also they understood the interdependence of national economies all over the world.
  • Hence, they drew up an internationally accepted framework to recover and consolidate the world economy.

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