Please enable JavaScript.
Coggle requires JavaScript to display documents.
FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES, NICO URRUTIA -…
FROM A HARSH POST-WAR PERIOD TO THE ROARING TWENTIES
The ideologies of the post-war period
Several ideologies were reinforced after the Great War
Nationalist gained support
Allowed new states to emerge
Socialist movement split
Communism appeared
A difficult recovery after the Great War
First years in post-war Europe
Major economic crisis
Germany couldn't pay the debt from the war
To guarantee the payment, France occupied the Ruhr Valley, Germany's main industrial and mining region
To pay the debt, the German Government started circulationg huge amounts of paper money even though it was not backed by gold or silver
Inflation rose to 1.000.000.000% in
1923
This led to the economic and moral ruin of the country
It got out of hyperinflation with the help of the US
The roaring twenties
The League of Nations was established in 1919
To promote peaceful, open, and balanced diplomacy
Several countries signed the Pact of Locarno (1925)
To respect the borders drawn after WWI
The feeling of security was accompanied by the recovery of the economy
Production levels improved compared to previous years
Germany created a new currnecy and fought hyperinflation
US emerged even stronger after the war
Financial operations on the stock market
For the first time, people had acces to consumer goods
Household appliances
Cars
Repayment of the credit given to Europe
Increased exports
"The American way of life"
Didn't spread to Europe until after WWII
Development of the industry
NICO URRUTIA
