The World Crisis The Aftermath

The aftermath of World War I is explored in the fourth volume of Winston Churchill’s “remarkable” eyewitness account of history (Jon Meacham, bestselling author of Franklin and Winston). Once the war was over, the story didn’t end—not for Winston Churchill, and not for the West. The fourth volume of Churchill’s series, The World Crisis: The Aftermath documents the fallout of WWI—including the Irish Treaty and the peace conferences between Greece and Turkey. The period immediately after World War I was extremely chaotic—and it takes a genius of narrative description and organization to accurately and accessibly describe it for us. Churchill, who went on to receive a Nobel Prize in Literature, depicts the international disorganization and anarchy in the period immediately after the war—with the unique perspective of both a historian and a political insider. “Whether as a statesman or an author, Churchill was a giant; and The World Crisis towers over most other books about the Great War.” —David Fromkin, author of A Peace to End All Peace

Deals with the four years that followed the Armistice of 1918.

The crisis of global capitalism that has unfolded since 2008 is more than an economic crisis. It is structural and multidimensional. The sequence of events that have taken place in its aftermath show that we are entering a world that is very different from the social and economic conditions that characterized the rise of global, informational capitalism in the preceding three decades. The policies and strategies that intended to manage the crisis-with mixed results depending on the country-may usher in a distinctly different economic and institutional system, as the New Deal, the construction of the European Welfare State, and the Bretton Woods global financial architecture all gave rise to a new form of capitalism in the aftermath of the 1930s Depression, and World War II. This volume examines the cultures and institutions at the root of the crisis, as well as the conflicts and debates that lead to a new social landscape, including the rise of alternative economic cultures expressed in the social movements occupying Wall Street. The book presents the results of a shared project of reflection by an interdisciplinary group of researchers from around the world. It contends that there is no quick fix to the current financial and political system. Life beyond the crisis requires a transformation of the mindset that led to bankruptcy and despair, and to economies and societies based on an unsustainable model of speculative finance and political irresponsibility. The book explains why and explores the contours of the world emerging in the aftermath of the crisis.

This book offers commentary and analysis on the catastrophic events which have recently confronted the international economy in the modern era and contrasts the current situation with other financial crises. It includes case studies on Lehman Brothers in the US, Babcock & Brown in Australia, and Northern Rock in the UK. Asking many pertinent questions about the causes of the crisis and its effects, the book explores fundamental themes such as: asset bubbles and speculation in the financial and non-financial markets, systemic risks and the role of regulation, and regulators. It also reviews the response of international institutions such as the IMF, the World Bank, the US Federal Reserve, the EU Central Bank and the G20. The book assesses the triggers of the crisis and evaluates rescue packages and policy responses as well as suggesting reform of regulatory and supervisory frameworks to maintain banking and modern financial systems in the future.

Volumes 1-3 originally published in 1950 by Odhams Press. Volume 4 originally published in 1929 by Charles Scribner's Sons. Volume 5 originally published in 1931 by Charles Scribner's Sons.