Interwar period: industrialization index in selected European countries 1925-1938
First World War, and conditions had not re-stabilized by the onset of the Great Depression in the U.S. - the given countries would all abandon the gold standard by the outbreak of war in 1939.
The early-20th century is often considered the most destructive period in European history, with the interwar period of the 1920s and 1930s being defined by various aspects including recovery from the First World War, as well as fluctuating political and economic stability. In particular, the onset of the Great Depression in the U.S. created a ripple effect that was felt across the globe, especially in Europe. During this time, all major currencies were connected via the gold standard; however, several European countries had suspended the gold standard to print additional money during the