Post-War Economic Conditions in Europe
Deeline of Europe's Share in World Trade
Ten years after the ree´stablishment of peace by the Treaty of Versailles, January 10, 1920, the continent of Europe finds itself in a state of economic depression which threatens to become chronic. Only a few countries, France, Holland, Sweden, and a few industries embraced in international cartels have enjoyed anything approaching real prosperity in recent years.
Total world production of basic raw materials was 35 per cent greater in 1928 than in 1913, and total world trade showed an increase of 22 per cent; but Europe's share in the world's trade had fallen by 14 per cent since the last pre-war year, while the share of North America had risen by 28 per cent, that ...