Jump to ContentJump to Main Navigation
The Crisis of Social Democracy in Europe$
Users without a subscription are not able to see the full content.

Michael Keating and David McCrone

Print publication date: 2013

Print ISBN-13: 9780748665822

Published to Edinburgh Scholarship Online: January 2014

DOI: 10.3366/edinburgh/9780748665822.001.0001

Show Summary Details
Page of

PRINTED FROM EDINBURGH SCHOLARSHIP ONLINE (www.edinburgh.universitypressscholarship.com). (c) Copyright Edinburgh University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in ESO for personal use.date: 21 October 2020

The Long Depression, the Great Crash and Socialism in Western Europe

The Long Depression, the Great Crash and Socialism in Western Europe

(p.14) Chapter 2 The Long Depression, the Great Crash and Socialism in Western Europe
The Crisis of Social Democracy in Europe

Donald Sassoon

Edinburgh University Press

This chapter presents a historical overview, showing that crises are a recurrent feature of capitalism, which have often been misinterpreted as harbingers of radical change. The Long Depression of the late nineteenth century did not bring down capitalism but did lead to social reforms. The inter-war Depression led social democrats to accept a new compromise with capitalism, leading to the reformist programme of macro-management of the capitalist economy, of welfare regulation, state interventionism and the Keynesian welfare state of the post-war era.

Keywords:   19th century Long Depression, 20th century Inter-War Depression, capitalism, reformism, welfare regulation, state intervention

Edinburgh Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.