no WW1 is the Ottoman empire stronger because it controls the oil

Deleted member 94680

I have a reversed view of that, with the after effects of the Great War aggravating the depression, but see a major 'adjustment' as inevitable during the early/mid 20th Century. But, I'd very much like to see the logic and support behind you statement. Economics has been a strong interest of mine, but I've not studied it remotely as much as I'd liked to.

I don’t know what the OP will say, but it’s an oft repeated AH trope that a delayed WWI results in a delayed (if at all) Great Depression. The idea is the spending of the War lead to the financial crisis. The economic thought, however, doesn’t support that view.

Short of trying to state that the increased industrialisation of war production led to the financial crisis by producing a production deficit when war production ended, there’s nothing other than a tenuous link.
 
There was a industry crisis 1919-1920 where war contracts were canceled without penalty to the governments or compensation to the industry. In the US at least the up front capitol costs of shifting to war contracts were largely borne by the businesses. the logic being when production ran its full course the capitol investments would be recovered out of the overall payments. The abrupt cancelation of so many contracts before completion or even significant production was a problem. But, that had faded by 1922 & only the bitter after taste remained among the captains of industry. In general I have to agree the effects of war production circa 1914-1919 were not large in residue by 1929 or even 1925.

The war debt thing & reparations do seem to have lingered & created some problems through 1929, but I don't see those as the overriding fundamental.
 

Deleted member 94680

The war debt thing & reparations do seem to have lingered & created some problems through 1929, but I don't see those as the overriding fundamental.

As far as I’ve read, the reparations only really affected Germany in their dealing with the effects of the Great Depression. Even then, I’ve never seen anything that list reparations as a cause of the depression.
 
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