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Recasting Bourgeois EuropeStabilization in France, Germany, and Italy in the Decade after World War I$
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Charles S. Maier

Print publication date: 2015

Print ISBN-13: 9780691169798

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691169798.001.0001

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Conclusion: The Structure and Limits of Stability

Conclusion: The Structure and Limits of Stability

(p.579) Conclusion: The Structure and Limits of Stability
Recasting Bourgeois Europe

Charles S. Maier

Princeton University Press

This concluding chapter discusses the structure and limits of stability achieved by Europe in the postwar period. It shows how a discernible equilibrium among economic interests, classes and nations finally emerged after numerous false starts. It suggests that a combination of coercion, payoffs, and exhaustion produced a broad political settlement. The conservatives' political achievement of the late 1920s cannot also be denied. Whether under liberal or authoritarian auspices, group conflict was being resolved via corporatism. From 1918 until about 1924, the primary political objective for most bourgeois forces, parties or interest groups, amounted to exclusion of the socialists from any decisive influence on the state. The chapter ends by analyzing the implications of inflation and revaluation for stability, and how the inflationary decade from 1914 to 1924 had brought together strong unions and big business in price–wage spiral at the expense of the middle strata of society.

Keywords:   stability, Europe, conservatives, corporatism, bourgeois, inflation, revaluation, unions, big business, socialists

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