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FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES - Coggle Diagram
FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES
THE IDEOLOGIES OF THE POST-WAR PERIOD
Nationalism
Wilson’s Fourteen Points
the right to self-determination of peoples from defeated empires
NEW STATES
Second International was disolved
socialist parties did not have the same opinion about WWI
COMMUNISM
accepted by revolutionary socialists and some anarchists
A DIFFICULT RECOVERY AFTER THE GREAT WAR
Economic crisis in Europe (1918-19125)
destruction
financial disorder
low production rates
currency devaluation
unemployment
social problems
1923
Germany could not pay the reparation of the war
France occupied the Ruhr Valley
Germany's main mining and industrial region
it worsened the economic crisis
huge amount of paper money in circulation
not backed by the equivalent deposits of gold and silver
hyperinflation
1 billion percent in 1923
1 more item...
it managed to get out of the hyperinflation
thanks to the US
THE ROARING TWENTIES
League of Nations (1919) promotes
peaceful
balanced
open
diplomacy
The League of Nations
overcome difficulties
intense international relations
French occupation of the Ruhr Valley
US never joined
Germany and USSR joined later
Prosperity of the US
development of industry
exports
the repayment of credit given to Europe
financial operations on the stock market
people had access to
consumer goods
household appliances
cars
American way of life
did not spread to Europe until after WWII
