Many countries turned inward (autarky) (jan 1, 1929 – jan 1, 1934)

Description:

Germany, Italy, Spain, Hungary, Albania, Portugal, Poland and Lithuania swung to the right between 1920-1926.
Many of them had autarkic features.
An autarkic economy is an economy that is closed to international trade and relies as much as it can on its own.
There usually is an attempt of creating an import-substituting industry, which means that the state is incentivizing the local production of goods that it usually imports.

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