From the Great Depression to the Great War (1873–1914)

  • Michel Beaud


Before capitalism became dominant, economic life was shaken, more or less regularly, by changes in weather conditions, good and bad harvests, demographic changes, and wars. The whole phase of capitalist industrialization was accomplished through cyclical movements having a certain regularity: periods of prosperity and euphoria checked by a recession or broken by a crisis.


Nineteenth Century Cast Iron Real Wage Great Depression Finance Capital 
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© Editions du Seuil 1981

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  • Michel Beaud

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