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4 - On the Brink

The Later 1930s

Published online by Cambridge University Press:  aN Invalid Date NaN

Harold James
Affiliation:
Princeton University, New Jersey
Marzenna James
Affiliation:
Princeton University, New Jersey
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Summary

The chapter considers the brief period from 1936 to 1939 in which Poland moved to a more managed economy, under Treasury Minister Eugeniusz Kwiatkowski. There was some return to growth, but policy remained intensely controversial. Some figures, including former BP president, Colonel Adam Koc, saw a priority in getting foreign credit support, largely from Britain and France, in order to finance the purchase of military equipment. Kwiatkowski, on the other hand, was primarily interested in obtaining gold credits as a foundation for expanding currency issue in pursuit of a policy of dirigiste growth. The resulting conflicted negotiations meant that the British military supplies were agreed only in the late summer of 1939, with deliveries starting in September: and then, of course, the German invasion that month meant that this effort had been in vain.

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