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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