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01 From A Harsh Post-War Period To The Roaring Twenties - Coggle Diagram
01 From A Harsh Post-War Period To The Roaring Twenties
The Ideologies Of The Post-War Period
Several ideologies reinforced
Nationalism gained support in Wilson's Fourteen Points
recognised right to self-determination
New stage emerged
Second International dissolved
Socialist parties didn't share the same opinion
Socialist movements split
Ideology of communism appeared
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A Difficult Recovery After The Great War
First years in post-war Europe
Marked by a major economic crisis
Lot of destruction and financial disorder
This led to:
Unemployment
Currency devaluation
Social problems
low production rates
Germany couldn't afford to pay war reparations
France occupied Ruhr valley to guarantee the payment
This worsened the German economic situation
German government circulate huge amounts of paper money
Even knowing that this wasn't worth the same as gold or silver
Inflation was enormous in 1923 in Germany
This leading to economic and moral ruin of the country
Germany managed to get out of hyperinflation
Thanks to United States
The Roaring Twenties
League of Nations established in 1919
This promoted peace
It overcome many difficulties
First post-war
International relations were very tense
Sawn by the France occupation of the Ruhr Valley
U.S never joined league of Nations
German and the Soviet Union were admitted later
Prosperity of U.S due to:
credit granted to Europe to rebuild the continent
financial operations on the stock market
Repayment of credit