Sectoral developments, 1914-1945 KU Leuven
© Cambridge University Press 2010. Introduction In contrast to the relative macroeconomic stability of the pre-1913 period, the era between 1914 and 1945 was hit by a series of severe shocks. The First World War not only caused major devastation and disruption, but also redefined the role of government in economic life. Although the command economies imposed in many European countries during the hostilities were largely dismantled after the ...