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The economy in the inter-war years - Coggle Diagram
The economy in the inter-war years
Recovery in the 1920s
United States
Helped Europeans
By
Giving them loans
Selling the consumer goods they lacked
World economy began to recover and grew steadily
Roaring twenties came
Applied the Dawes Plan
France abandoned occupied areas of Ruhr
Try to increas the value of German mark
War reparartins were revised and reduced
Economic prosperity
Society changed
Life focused on enjoyment
New forms of entertainment
Consumerism grew
The driving forces were
The car industry
The development of the production of electricity
Post-war crisis
The suffragist movement
Groups of women who demanded the right to vote
Supported by Socialist Party, established International Women's Day
Gain right to vote in
1919
Germany
Belgium
1920
Czechoslovakia
The USA
1918
Poland
The Netherlands
Great Britain
Austria
Russia
Europe economic crisis
Characterised by
Shortage of products
Increase in prices
Destruction of areas of
Agricultural land
Factories
Transport systems
High levels of debt
United States intended to pay for the costs of war
Germany was affected
Pay war reparations
As a solution
German government circulated large quantities of bank notes
Became hyperinflation
France wouldn't receive reparations from Germany to rebuild its economy
France occupy the Ruhr
Germany had worse economic crisis
The great depression of the 1930s
Consequences
World economy was affected
Wages fell and unemployment increased
Decrease in the standard of living
Companies closed
Attempts at a solution: the New Deal
Tried to end the crisis
Limit agricultural and industrial production to prevent a fall in prices
Establish government control of stock market to avoid large scale sale of shares
Carry out public works to create employment
Control of the banks to safeguard citizens' savings
Give subsidies to agricultural producers
Establish a minimum wage and provide
Unemployment compensation
Disability insurance
Old-age and widow's benefits
The wall street crash of 1929
The Wall Street Crash of 1929
Causes
Agricultural overproduction
America agricultural production increased
After war Europe produce agricultural products
Result in a surplus of production in America
Speculation on the stock market and excessive bank credit
Companies and individuals bought shares in companies on the Wall Street stock market
Industrial overproduction
America industry increased porduction
After war European industry recover
More supply than demand in America
Consequences
Increasing demand for shares
Caused stock market speculation
Spread to banks and became a financial crisis
Finally the banks collapsed
