Shortcuts from Liberalism to the First World War

Abstract

The current work analyzes the social history from the point of view of social aspects and connects them to economic issues. The economic issues are many times behind the social changes of historical facts. This paper shows the economic events of the last period from Liberalism to the First World War. The applied methodology is based on the logic and the comprehensive analysis of historical events. The Cycle of Money shows that Capitalism is not going far by a sustainable orientation and by it is own structure can’t face wide social aspects, something that the economic system of Economocracy can achieve.