What were the lessons learned by economists and politicians in terms of value from the inter-war economic experience?

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Ensuring political stability.

Understanding economic resilience and interdependence.

None of the above

All of the above

answer is B.

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Detailed Solution

Politicians and economists learned two crucial lessons: economic resilience and interdependence from the inter-war economy.
Firstly the inter-war economy ensured economic stability. The majority of the nations were devastated, and entire cities were destroyed. Politicians and economists realised how important it was to maintain the industrial nations' economic stability. Hence, only through government intervention could financial stability be guaranteed. Secondly, it helped to understand economic resilience and interdependence. People were aware of the global interconnection of national economies. Governments could only attain full employment if they had the authority to regulate the movement of goods, capital, and labour. Hence, maintaining economic stability and jobs in the industrial world was the primary goal of the post-World War II international financial system.

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