Prawo moratoryjne państwa polskiego w okresie kryzysu gospodarczego lat 30. XX wieku

Abstract

Purpose – The article aims at characterising Polish moratory laws during the Great Depression. The article is centred around the legislation on public and private law liabilities. The author pays particular attention to the structure of the Polish economy and to Poland’s deflationary policy that determined the Polish legislation of that time. Research method – The author reviewed the literature on the subject and analysed legal regulations. Results – The author indicates that – given the structure of the Polish economy – moratory legislation concerned the farming industry in particular. It was mainly of an anti-enforcement nature and consisted in reducing the interest rate and spreading the debt repayment over several years (particularly as regards private law liabilities). Originality / value / implications / recommendations – The purpose and functions of moratory laws were, and still are, of particular importance to the economy, especially at the time of economic crisis. This is exemplified by the moratory legislation of the Polish State that adopted and pursued the deflationary policy.