Economic effects of the coup
Impression of the relief, which prevailed a year after "May accidents", was explained by economic recovery, and this revival was attributed to Piłsudski. The facts are not as follows: 1/ From June 1926 r. until November 1927 r. the number of the unemployed with 300 do 117 Thousand; 2/ Commercial balance all year round 1926 active, with an average monthly output 34 millions [zloty], It broke from the second quarter 1927 r. and from now on we paid a month 19 millions [zloty]; 3/ The first Sanation row found a budget balanced by Zdziechowski, What Minister Klaraner admitted, which he himself brought a budget with a deficit 250 millions [zloty]. And what conclusions came from here? If the commercial balance before May was open, This caused the restrictions of the coalition government, and the reduction of the zloty currency also helped: Cheap production could be divided widely. After, in the second half 1926 r. The Szczęsny strike of English miners broke out and the carbon exports rose more than three times (from you to x – 8 600 thousand. ton). If, despite this, a passive trade balance was soon, It shows, that the government stopped taking care of other branches of exports and told the importers. Reduction of unemployment was the undoubted effect of the English strike. This economic situation has stopped smiling from December 1927 r. Probably the Klaraner deficit explained with contributions for the revival of the national economy, But something was due and officers. After the above experience with a trade balance, no one wanted to return to the high currency and the dollar exchange rate – 8,90 PLN established for many years.
As evidence of abroad trust in the new government, a loan was quoted, which Poland obtained in American banks in autumn 1927 r. in the minimum amount 72 dollars, whose most of which was to power the capital of the Bank of Poland, a 1/4 Part of the country to liven up the country's economic development. Previous loans, np. The "Dillon" of Grabski's "Dillon" was called liabilities, because they were bet on the conditions. But also now a bad condition has been imposed, that the delegate of these Dewey creditors will enter the bank's council. This is how abroad reacted to the attitude of official Warsaw, which reluctantly listened to the Wołań of the national opposition demanding control. An increase in trust, however, was no doubt. Ever since the creative opposition has been in the place of disheveled and negative opposition, Uncommon for strikes and attacks, and the majority of Poles representing according to previous elections – 3 Millions of active voters, Since the factors of the coup shared responsibility for the state, It could be managed in it with a plan and even a momentum.