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THE ECONOMY IN THE INTER-WAR YEARS, image, image, image, image, image,…
THE ECONOMY IN THE INTER-WAR YEARS
POST WAR CRISIS
Solution of Germany
circulated large quantities of bank notes
hyperinflation
France occupy an area of Germany
richest
most industrialised
most affected country
Germany
suffer the crisis
pay war reparations
The suffragist movement
mobilisation of women supported by
Socialist Party
main aim
be allowed to vote
women
not accept the re-establishment of their traditional social role
characterised by
high levels of debt
a shortage of products
increase in prices
RECOVERY IN THE 1920
Dawes Plan in Germany
aim
increase the value of the German mark
revised and reduced war reparations payments
Germany's economy began to recover
roaring twenties
world economy began to recover
society changed
life focused on enjoyment
by new forms of entertainment
music-halls
ballrooms
cabarets
radio shows
cinema
Consumerism grew
THE WALL STREET CRASH OF 1929
causes
Agricultural overproduction
caused prices to fall
increase in unemployment
surplus of production
agricultural products decreased
Europe began to produce their own agricultural products
farmers were ruined
American agricultural system increased production
Speculation on the stock market and excessive bank credit
bought shares in companies
on the Wall Street stock market
Industrial overproduction
American industry did not reduce levels of production
Europe bought less from the United States
American industry increased production
supply was greater
Companies lost money
Unemployment rose
consumption decreased
consequences of increasing demand
stock market speculation
share value to fall dramatically
rise in share prices
financial crisis
THE GREAT DEPRESSION OF THE 1930
consequences
Wages fell
world economy was affected
Companies closed
decrease in the standard of living
Attempts at a solution: the New Deal
limit agricultural and industrial production
establish government control
of the stock market
carry out public works
establish a minimum wage and provide
unemployment compensation
give subsidies to agricultural producers
