Economic policy Despite coming from a socialist background and initially implementing socialist reforms, Piłsudski's government followed the conservative free-market economic tradition of the Polish–Lithuanian Commonwealth throughout its existence. Poland had one of the lowest taxation rates in Europe, with 9.3% of taxes as a distribution of national income. Piłsudski's government was also heavily dependent on foreign investments and economies, with 45.4% of Polish equity capital controlled by foreign corporations. After the Great Depression, the Polish economy crumbled and failed to recover until Ignacy Mościcki's government introduced economic reforms with more government interventions with an increase in tax revenues and public spending after Piłsudski's death. These interventionist policies saw Poland's economy recover from the recession until the USSR and the German invasion of Poland in 1939.
Economic policy Despite coming from a socialist background and initially implementing socialist reforms, Piłsudski's government followed the conservative free-market economic tradition of the Polish–Lithuanian Commonwealth throughout its existence. Poland had one of the lowest taxation rates in Europe, with 9.3% of taxes as a distribution of national income. Piłsudski's government was also heavily dependent on foreign investments and economies, with 45.4% of Polish equity capital controlled by foreign corporations. After the Great Depression, the Polish economy crumbled and failed to recover until Ignacy Mościcki's government introduced economic reforms with more government interventions with an increase in tax revenues and public spending after Piłsudski's death. These interventionist policies saw Poland's economy recover from the recession until the USSR and the German invasion of Poland in 1939.