An era of retrenchment, in which major economic powers returned to policies of isolationism and protectionism, restricting trade and nearly eliminating capital mobility.
A) The Gold Standard, 1860-1914
B) The Interwar Years , 1914-1945
C) The Bretton Woods Era, 1945-1971
D) The Floating Era, 1971-1997

Question

Quizplus · Accepted Answer

The Interwar Years (1914-1945) were marked by a rise in nationalist and protectionist policies, with major economic powers implementing tariffs and abandoning free trade agreements. This led to a decrease in international trade and capital mobility, contributing to the global economic downturn of the 1930s.

An Era of Retrenchment, in Which Major Economic Powers Returned