Please enable JavaScript.
Coggle requires JavaScript to display documents.
The economy in the inter-war years, image, image, image, image, image -…
The economy in the inter-war years
POST-WAR CRISIS
Some characteristics
Elevated levels of debt
A shortage of products and increase in prices
One of the most severely affected countries was Germany
Because he needed to pay war reparations and had a crisis
Hyperinflation
German people needed large amounts of money to buy basic goods, such as a loaf of bread.
The suffragist movement
Groups of women who demanded the right to vote: suffrage
RECOVERY IN THE 1920S
Dawes Plan
Economic measures
Loans and American investment in German industry
Increase of the value of the German mark (the currency)
Roaring twenties
The United States started to help some European countries by giving economic support
Economy began to recover
THE WALL STREET CRASH OF 1929
Causes
Industrial overproduction
They produced more products than expected and companies lost money
Agricultural overproduction
Surplus of production --> Prices fell
Speculation on the stock market and excessive bank credit
companies and individuals bought shares in companies on the Wall Street stock market because they offered guaranteed profits.
The stock market crisis spread to banks and became a financial crisis
THE GREAT DEPRESSION OF THE 1930S
Consecuences
Companies closed
Wages fell
world economy was affected
decrease in the standard of living
