Describe what these policies did in the 1930s? (pp. 195-209)?
The autarkies turned the internal terms of trade in favor of industrial investment, against agriculture and against consumption. Government directed resources out of the export oriented primary producing sectors of the past and into the inward oriented industrial sector of the future and out of the pockets of workers and farmers and into industrial investment. Strict control on foreign trade to keep out competitors, governments defaulted on foreign debts, controls on currency trading�in order to force investors to keep their money at home, left the gold standard, kept their currencies �overvalued�, industries got positive support (loans, subsidies, ect.), industry grew remarkably, took money for industry out of farming and mining, and they pretty much threw all their resources into industry.