The interwar economy refers to the economic conditions and policies that existed between World War I and World War II. It encompasses the period of recovery from the devastation of WWI and the subsequent Great Depression.
Related terms
Reparations: After WWI, Germany was burdened with heavy reparations payments imposed by the Treaty of Versailles as punishment for starting the war.
Military Spending: Japan's interwar economy focused heavily on military spending in order to expand its empire in Asia.
Weimar Republic: Germany's government during the interwar period, facing political instability and economic struggles.