Discuss-4. Briefly summarize the two lessons learnt by economists and politicians from the inter-war economic experience?

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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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