The World Economic Conference In 1933

The World Economic Conference was the most important world wide economic conference after 1929-1933 World Economic Crisis.It offered a precious opportunity for countries to negotiate and cooperate on economic problems and than carry through the economic crisis.Through probing into the economic situation before the Conference, reviewing the defference on tariff,debt,monetary standard and currency stabiliza tion,this article tries to give an objective judge of factors that effected the foreign economic policies of every country.The principle part of the article was composed of four chapters,and there are an exordium and an epilogue additionally.Chapter one analyzes the economic situation before the World Economic Conference in 1933,gives an outline of the process of the conference.After the First World War,the world economic situation had changed tremendously,and the world economic integration had formed.The link between war debt and reparations not only became the main style in contacting the economic of all countries,but also reinforce the connection between all countries.Trade barriers,such as tariff,incresed consta ntly,and became the major obstacle in world trade.After the First World War,in the new world economic circumstance,the gold standerd system was not perfect,and after the broke up of the World Economic Crisis,Britain and the U.S.A abandoned the gold standerd system.Chapter two talks about the discussion on tariff among countries.In view of the public opinion and the economic situation at home,althouth most countries agreed that they should stop raising tariff walls,many of them plused various kinds of reservations when signed the tariff truce agreement.During the Economic Conference,the divergence on tariff consist mainly between the U.S.A and Britain,both of them submitted their own proposal,but at last,the traditional beggar-thy-neighbor policy worked again,and neither of the two proposal passed.Chapter three mainly deals with the contradiction between the U.S.A and the debtors.They held different opinions on whether to put the debt problem on the list of the Economic Conference and the detailed measures on debt.In order to ease domestic economic and political pressure,Britain,France and Germany took some diplomatic and financial measures not so valuable to the U.S.A.During the Conference,the U.S.A was entirely annoyed by the behaviors of Britain and France,and in the end,the Conference on debt problem reached nothing.Chapter four talked about the problem about currency stabiliation and monetary standard.Every country claimed that the ultimate object was to regain gold standard,but they were on different sides on the concrete time and methods.After the U.S.A.gave up the gold standard,this problem was paid much more attention than the other problems.In the end,it was the domestic situation and experts which shaped the idea of President Roosevelt,and the President bomb out the Conference by a telegram which was called bombshell messa ge.The conclusion analyzes the reason of the failure of the Conference,the effect of the failure of the Conference and the influence of the Conference to the economic oder after the Second World War.The World Economic Conference did not fail for lack of viable proposals for cooperation,but for the dearth of the political will to cooperate.The failure of the Conference did not promote the world economy,but greatly retarded the bgical economic recovery.And to a certain degree,it accelerated the broke out of World WarⅡ.Some protocols concluded after the Conference layed foundation to the new economic order after World WarⅡ.