the economy in the inter war years

the economies of European countries and of the United States went through various phases

post-war crisis image

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 image

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 image

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 image

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 image

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 image

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 image

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 image

Wages fell and unemployment increased

world economy was affected

decrease in the standard of living