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1.THE ECONOMY IN THE INTER-WAR YEARS, NAIA PEREZ ARETXABALA, image, image,…
1.THE ECONOMY IN THE INTER-WAR YEARS
Definition
During 1918-39
Various phases of economy
post-war crisis
recovery in the 1920s
Great Depression of the 1930s
the Wall Street Crash of 1929
Post-War Crisis
Characteristics
high levels of debt
a shortage of products
increase in prices
Germany
affected country
suffer the crisis and pay war reparations
Hiperinflation
The suffragist movement
The Wall Street Crash of 1929
In 1929, the Wall Street stock market in New York collapsed
Beginning of a major economic crisis
Leading to the Great Depression of the 1930s
Causes
Agricultural overproduction
Speculation on the stock market and excessive bank credit
Industrial overproduction
The Great Depression of the 1930s
This economic crisis led to a fall in prices (deflation) and put an end to the prosperity of the roaring twenties
Consequences
Wages fell
The world economy was affected
Companies closed
Decrease in the standard of living
The New Deal
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
NAIA PEREZ ARETXABALA
