Industrial growth revisited: Manufacturing output in Greece during the interwar period

Although industrial production and growth in Greece during the interwar periodhas attracted considerable attention, there has not been any serious challengeeither in qualitative or quantitative terms to the orthodoxy established in theperiod itself. The literature usually sees the 1920s as a landmark in theindustrialisation of the country and a time when Greek manufacturing achievedan "unprecedented prominence". The momentum given to industrialexpansion in the 1920s was encouraged by institutional changes brought aboutby government policy aimed at reducing social tensions stemming fromunemployed refugees gathered in urban areas, by the depreciation of thedrachma and heavy tariffs.[...]