The free-trade regime of the liberal period was retained during this period – indeed it was deepened by the various rounds of global trade liberalization – but the dominant thrust was the creation of a generous welfare state.
Durante este período se mantuvo el régimen de libre comercio del período liberal –y de hecho, se intensificó con las diversas rondas de liberalización del comercio mundial–, pero la tendencia predominante era a la creación de un generoso Estado del bienestar.