The Great Depression sparked economic nationalism, fueling international tensions and even internal relations between employers and workers.
Economic nationalism should be understood as a set of practices designed to create, strengthen and protect national economies in the context of world markets. The rise and institutionalization of economic nationalism in the 20th century was the product of economic crises, nationalist movements and the expanding state. Romesh Cunder Dutt is a pioneer of economic nationalism. he was a civil servant, politician, political economy thinker and author.
Countries valued their own goods more highly and were therefore unwilling to trade with each other. Stocks are undervalued. A policy in which a nation seeks to improve economic prosperity by restricting trade.
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