"The Great Depression as Great Transformation? Global food regime crisis and (inter-)national transition pathways, 1925-39"
, in Gérard Beaur / Francesco Chiapparino: Agriculture and the Great Depression. The Rural Crisis of the 1930s in Europe and the Americas, Routledge, London / New York, Seite(n) 21-38, 2023, ISBN: 978-0367615505
The Great Depression as Great Transformation? Global food regime crisis and (inter-)national transition pathways, 1925-39
Sprache des Titels:
Agriculture and the Great Depression. The Rural Crisis of the 1930s in Europe and the Americas
The Great Depression had a decisive impact on the transition from the British-centered to the US-centered food regime, albeit in nationally different ways. Prior to the bubble burst in 1929, the disequilibrium of the world market for agricultural commodities had already eroded the interwar food regime. Four phases of the transition can be distinguished: in the first phase, the crisis of the global food regime arose from the downward trend of commodity prices, reflecting the disequilibrium of supply and demand of basic grains, especially wheat. In the second phase, institutional innovations as solutions to the crisis emerged in niches of the politico-economic arenas of nation states such as the Soviet Union, the United States and Germany. In the third phase, niche innovations entered the mainstream developments of Soviet state socialism, US-organized capitalism and German corporatism. The fourth phase coincided with trends and shocks during World War II that determined the final shape of the postwar food regime. In this way, the Great Depression aggravated the crisis of the global food regime and opened up national transition pathways that contributed to the ?Great Transformation? (Polanyi) from free-market to state-regulated capitalism.