The Great Depression and 'Embedded Liberalism'

Описание: The Great Depression posed a serious threat to democratic capitalism as economic nationalism flourished and Communism and Fascism offered alternative models. In response, democratic capitalism was remade. Domestically, inequalities of wealth were reduced and social welfare extended to create a social contract between capital and labour. Internationally, new organisations created a rules-based international regime. Together, the result was ‘embedded liberalism’ that contained economic nationalism and allowed recovery of the international economy and rapid post-war growth alongside improvements in domestic welfare.

A lecture by Martin Daunton

The transcript and downloadable versions of the lecture are available from the Gresham College website:
https://www.gresham.ac.uk/lectures-an...

Gresham College has offered free public lectures for over 400 years, thanks to the generosity of our supporters. There are currently over 2,500 lectures free to access. We believe that everyone should have the opportunity to learn from some of the greatest minds. To support Gresham's mission, please consider making a donation: https://gresham.ac.uk/support/

Website: https://gresham.ac.uk
Twitter:   / greshamcollege  
Facebook:   / greshamcollege  
Instagram:   / greshamcollege