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The Democratic Alliance and the Measures to Fight the Depression (1929–1931)

Author

Listed:
  • Rumyana Parvanova

    (Institute for Historical Researches – Bulgarian Academy of Sciences)

Abstract

Bulgaria meet the beginning of 1929 year with consolidated finances and banking system due to the stabilization loan of 1928. But in March 1929 the economic situation was changed. Gradually during the second half of the year a crisis of thrust in Bulgarian National Bank and the others private banks was set in, because they confined the credits for commercial and industrial firms. The unions of the traders, industrialists, and craftsmen appealed to the government to establish a new bank for the needs of trade and industrial business. Under the influence of the Depression a group of the governing party - the Democratic Alliance – headed by Al. Tsankov and the finance minister Vl. Mollov made the plans of diminishing of the state administration and the government expenditure, but these were not realized.

Suggested Citation

  • Rumyana Parvanova, 2019. "The Democratic Alliance and the Measures to Fight the Depression (1929–1931)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 4, pages 171-184, November.
    • Handle: RePEc:ceh:journl:y:2019:v:4:p:171-184
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    More about this item

    Keywords

    measures against the crisis; confine the credits; diminishing of the state administration; reinforce of the banking system;
    All these keywords.

    JEL classification:

    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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