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The Inter War Years (The Great Depression (Aus was lent money from the US…
The Inter War Years
The Great Depression
Aus was lent money from the US and other sources, but the money was demanded back at the end of the 1920's
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People invested money in shares of successful companies, but began selling in a panic in 1929 to avoid losing money.
Wall Street collapsed on 24th October 1929, value of the stock market decreased by 47%
Resulted in widespread unemployment, leading to inability to access to basic facilities
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Soviet Union: unemployment not a problem as they already had programs of rapid industrialisation of agriculture
Germany: Could not repay its debts, experience very harsh living conditions, was promised better from Hitler
Japan: suffering, resulted in weakened democratic gov., resulting in increased power of its military leaders
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Treaty of Versialles
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Signed by the victorious allies (Britain, France, Russia, Italy, US) and the defeated Germany
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The Roaring 20's
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Factories powered by electricity which increase the speed of output, reducing the cost of goods so people could afford more
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Introduction of the flapper generation, women could vote, work, socialise et.c
The Rise of Facism
Right Wing: extreme nationalism, one-party state, strong leader, control over citizens lives, military strength, rejection of socialism and communism
After WWI, new ideas of how the government should be run were develops, which rejected the voice of the people (aka democracy)
Italy: Felt excluded from the ToV and struggled economically after ww1, Mussolini became fascist dictaor after being eleced and followed Germany into war
Germany: The failure of the Weimar Republic saw social and economical frustrations grow to a point where Hilter was able to manipulate these feelings to come into power
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