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the economy in the inter war years - Coggle Diagram
the economy in the inter war years
the economies of European countries and of the United States went through various phases
post-war crisis
recovery in the 1920s
the Great Depression of the 1930s
the Wall Street Crash of 1929
POST-WAR CRISIS
were characterised by
a shortage of products
high levels of debt
the most affected counties
was Germany
which had to suffer the crisis
and at the same time suffer the pay war reparation
solution to the economic crisis
German government circulated large quantities of bank notes
In 1923
France realised that it would not receive the reparations it needed from Germany to help rebuild its economy
France decided to occupy the richest and most industrialised area of Germany
the Ruhr
RECOVERY IN THE 1920S
The United States and Japan
were the first countries to recover from the crisis
because their industries had not been devastated by war
In 1924
United States applied the Dawes Plan in Germany
From 1925 on
Germany's economy began to recover
United States also helped other European countries
by giving them loans and selling the consumer goods they lacked
With economic prosperity, society changed
the suffering of the war years had passed
life was focused on enjoyment
THE WALL STREET CRASH OF 1929
In 1929
the Wall Street stock market in New York collapsed
beginning of a major economic crisis
The causes of the crisi
agricultural overproduction
Speculation on the stock market and excessive bank credit
industrial overproduction
THE GREAT DEPRESSION OF THE 1930S
began with the Wall Street Crash of 1929
consequences
Companies closed
Wages fell and unemployment increased
world economy was affected
decrease in the standard of living
