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Economics of the Interwar Period - Coggle Diagram
Economics of the Interwar Period
Germany
Inflation
Printing bills to pay for reparations
Downfall of the economy
Dawes & Young Plan
Germans needed barrels of money to buy a piece of bread
Unemployment rate for Germany increased
Loss in investments & military
Political Issues
Germany was suffering because of reparations
Rise of Hitler & Nazism
Felt that the reparations were unjust
Hatred of Jews & Socialists
America
Rise in rich people and investments
Stock Market Crash
Great Depression
Effect on European countries
Reduced Production
Less imports
Less trade
European countries have to get their resources elsewhere
Unemployment rates reach the highest its ever been
Markets lose $14 billion a day
Companies shutting down and declaring bankruptcy
Less loans
More Interest
Banks "borrowed" money
Italy
Consequences of Borrowing Money
Debt rose to 6 times its pre-war level
The amount in Locked-in retirement account reached 1/3rd its value from pre-war years
Italians not getting promised land
Political Issues
The governing body was unpaid
Bribery
Corruption
Rise of Mussolini & Facists
Anti-communist
Gave people hope
Advocated for the glorification of war
Mussolini wanted to recapture the glory of Rome
Resentment of the Allies
Other European Countries
Debt
Inflation
Unemployment
Shortage of Raw Materials
Starvation
Decreased Production
Increased struggle to pay America back
Political Issues
Stalin murdered his enemies to fortify Communism