Compared to other periods in European history, the period between 1815 and 1914 was mostly characterized by peace and prosperity
Compared to other periods in European history, the period between 1914 and 1989 was mostly characterized by war and economic instability
This is further explained below.
Generally, The lack of significant swings in the macro economy is what we mean when we talk about economic stability. In order for an economy to be deemed economically stable, production growth should be relatively consistent, and inflation should be moderate and steady.
In conclusion, When compared to other eras in European history, the time period between 1815 and 1914 was mostly defined by relative tranquility and economic success.
When compared to other eras in European history, the time period between 1914 and 1989 was primarily marked by economic instability and conflict.
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