Lectures on modern economic history
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CONTENTS
WESTERN EUROPEAN ECONOMY SINCE 1945 5
1. The First Post-War Years 1945-1950........................... 5
1.1. Economic Consequences of the Second World War.... ...............5
1.2. Prerequisites for Economic Recovery of Western Europe ................9
1.3. Recovery 14
2. The Golden Age 1950-1973 16
2.1. Sectoral Developments and Structural Changes ...................16
2.2. European Economic Integration - Origins,
Evolution and Economic Impact...........................................................20
3. The End of the 20th Century .............26
3.1. Crisis and Readjustment................................................... ................26
3.2. Further Economic Integration ................30
Summary 33
Glossary ..............33
Suggestions for further reading........................................... ......34
THE ECONOMY OF THE USA SINCE 1945 .35
1. The Second World War and its Economic Impact 35
1.1. The US Economy During the Second World War 35
1.2. Post-war Positions and Reconversion to a Peacetime Economy 40
2. The Golden Age - 1950s and 1960s 44
2.1. Population 45
2.2. Economic Policy 46
2.3. Cold War 48
2.4. Technology 50
3. Inflation and Oil Shock, Reaganomics and Prosperity of the 1990s....52
3.1. Inflation and Oil Shock 52
3.2. Reaganomics 55
3.3. Prosperity of the 1990s 58
4. Sectoral Developments and Changes 60
4.1. Industry ....60
4.2. Agriculture and Service Sector 63
Summary 64
Glossary 64
Suggestions for further reading ......65
ECONOMY OF USSR AND ITS IMPACT
ON EASTERN EUROPE SINCE 1945 66
1. Economy of USSR 1917-1953.. ....’’б6
1.1. War Communism 67
1.2. New Economic Policy (NEP) 1921-1928 70
1.3. Stalinism 1928-1953 '..Z'ZZZZZZ^Z.73
2, Post-war Eastern Europe and USSR 79
2.1. The Imposition of the Soviet Economic Model
in Eastern Europe 79
2.2. The Soviet Economy under Nikita Khrushchev
and Leonid Breznev 83
2.3. Eastern Europe after Stalin ___ gg
2.4. The Demise of the Soviet System 90
Summary..... 93
Glossary __ 93
Suggestions for further reading ..........94
THE ECONOMY OF LATIN AMERICA
AND AFRICA SINCE 1945 95
1. Latin America 95
1.1. The Second World War and its Economic Aftermath 96
1.2. The Latin American Economies 1950-1980 ....102
1.3. Crisis and Reforms Ю6
2, Africa 110
2.1. The Second World War and its Aftermath.. 112
2.2. The Decolonization and its Consequences..... ,,115
3.3. Post-colonial Economy j 19
Summary 121
Glossary 122
Suggestions for further reading........ 122
