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THE INTERWAR YEARS (1918- 1939), USA, UNIT 6. THE INTERWAR YEARS. Leticia…
THE INTERWAR YEARS (1918- 1939)
1. RECOVERY IN THE TWENTIES
After World War I
FIRST ECONOMIC POWER IN THE WORLD- NEW YORK is the new financial center
EUROPE
- Crisis, unemployment...
GERMANY- had to pay war reparations
Devaluation German mark
hyperinflation
From 1924-onwards
- Recovery thanks to Britain and American investment
The Roaring Twenties in the United States (1922 -1929)
WHY?
Supply: Chain production; production line
•
Raising capital: Investment in stocks and shares, payment plans. "American way of life"
Industry grew
The consumer society was born: cinema, music, jazz, dances, press, radio, American football....
:
INTERNATIONAL POLITICS
-
1920-1928
Tensions between FRANCE and GERMANY
1- GERMANY didn´t pay the reparations to FRANCE.
2-FRANCE could´t pay the debt to USA (acquired during the World War I)
1923 - France occupied the RUHR (Germany´s coal and steel region).
Germany´s army was weaker after THE TREATY OF VERSAILLES (Germany intensified the economical crisis).
PLAN DAWES (1924)
Lend money to GERMANY
GERMANY paid to THE ALLIES
ALLIES COULD PAY TO USA
This Plan improved the relations between
FRANCE and GERMANY
They signed THE TREATY OF LOCARNO (1925)
GERMANY recognised its borders with FRANCE and BELGIUM (established in the TREATY OF VERSAILLES)
-
GERMANY was admitted in the LEAGUE OF NATIONS (1926)
"SPIRIT OF LOCARNO"
pacifist intentions
KELLOGG-BRIAN PACT (1928):
countries renounced war as means of resolving conflict.
THE END- WORLD WAR I 1918
THE GREAT DEPRESSION- Crash 1929
RISE-TOTALITARIANISM- Fascist, Nazism, Stalinism
1939- BEGINNING OF WORLD WAR II
USA
UNIT 6. THE INTERWAR YEARS. Leticia Martín
