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01 FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES, image, image,…
01 FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES
1 THE IDEOLOGIES OF THE POST-WAR PERIOD
Several ideologies were reinforced after the Great War
The socialist movement split and the ideology of communism appeared
Nationalism gained support
2 A DIFFICULT RECOVERY AFTER THE GREAT WAR
The first years in post-war Europe were marked by a major economic crisis.
This led to low production rates, currency devaluation, unemployment and social problems.
Germany could not pay war reparations
Inflation increase in the prices of goods and services----> rose to 1 billion percent in 1923
It managed to get out of hyperinflation with help from the United States.
EUROPE BETWEEN 1918 AND 1925
3 THE ROARING TWENTIES
The League of Nations was established in 1919 to promote peaceful
The United States never joined the League of Nations
Germany and the Soviet Union were admitted later for the League of Nations
The prosperity of the United States was due to the development of industry, increased exports
people had access to consumer goods which did not spread to Europe until after World War II.
