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THE ECONOMY IN THE INTER-WAR YEARS, image, image, image, image, image,…
THE ECONOMY IN THE INTER-WAR YEARS
between the WWI and WWII
1918–1939
the economies of and of the
European countries
United States
went through various phases:
post-war crisis
recovery in the 1920s
the Wall Street Crash of 1929
the Great Depression of the 1930s
Post-war crisis
During the post-war period
between 1918 and 1923
Europe experienced a significant economic crisis
which was characterised by:
high levels of debt
because of loans from the United States
intended to pay for the costs of war
such as:
food
military equipment
Once the war ended
the loans had to be repaid
a shortage of products
due to the destruction
of areas of agricultural land
factories
transport systems
as a consequence, an increase in prices
One of the most severely affected
countries was Germany
which had to
suffer the crisis
pay war reparations
hyperinflation
As a solution to the serious economic crisis
the German government circulated
large quantities of bank notes
although they were worth practically nothing
because Germany had no gold
gold guaranteed the value of
money in circulation
The enormous quantity of worthless
bank notes in circulation meant that the German people
needed large amounts of money
to buy basic goods
such as a loaf of bread
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 Ruhr
the richest
most industrialised
area of Germany
The loss of this territory
made the economic crisis
in Germany
worse as
industrial production fell
prices rose excessively
The suffragist movement
At the end of the war
women
who had shown that they were capable
of doing the same jobs as men
did not accept the re-establishment
of their traditional social role
In response
the suffragist movement
groups of women who demanded
the right to vote
suffrage
that had started in and
New York
Great Britain
in the second half of the 19th century
continued to protest against
the inequality between
men and women
resuming their fight for women's
right to participate in:
political
economic
life
In the USA and Europe
the mobilisation of women
was supported by the Socialist Party
which established
International Women's Day
After 1911
this became a day for reflection
protest in favour of women's rights
The main aim of the Suffragists
was to be allowed to vote
such as:
in 1918
Russia
Poland
Great Britain
Netherlands
Austria
in 1919
Germany
Belgium
in 1920
Czechoslovakia
USA
