Please enable JavaScript.
Coggle requires JavaScript to display documents.
1. FROM A HARS POST-WAR PERIOD TO THE ROARING TWENTIES & 2. THE CRISIS…
1. FROM A HARS POST-WAR PERIOD TO THE ROARING TWENTIES & 2. THE CRISIS OF 1929
A DIFFICULT RECOVERY AFTER THE GREAT WAR
First years
in
post-war Europe
(1918-1925)
Marked by a major
economic crisis
Germany couldn't pay
war reparations (1923)
To
guarantee
the
payment
,
France occupied
Germany's main
mining
and
industrial
region (Ruhr Valley)
Inflation rose to 1 bilion (Germany)
United States help
to
get out
of
hyperinflation
AN ABRUPT END TO PROSPERITY
Massive financial growth
made a boom in the US economy
The crash of the
New York Stock Exchange
October 1929
The
share price fell
sharply
End
of the
period of prosperity
Companies lost
their
value
and their
capital
Many
countries
depended
on
US
this
generalisation
of the
crisis
, is
known as
the
Great Depression
Dorothea Lange
(1895-1965)
She was an
American
photographer
and
photojournalist
She
recorded
the
effects
of the
Great Depression
THE ROARING TWENTIES
The League of Nations
was
established
in
1919
Pact of Locarno
(1925)
7 European countries signed it
To
recognise
the
borders
after World War l
Germany
was
allowed to join
in
1926
Germany started
to
recovery
the
economy
The
prosperity
of the
United States
because of:
Increased exports
The
repayment
of
credit
during the conflict
Development of industry
MEASURES TO OVERCOME THE GREAT DEPRESSION
The
main economic powers
United States
President
Roosevelt proposed
a
shock plan
(1933)
Subsidies for firms
The control of banking
Public works
More social welfare
Great Britain
3 million unemployed workers
The
state did not intervene
in the
economy
The
pund devaluate
by
%25
British trade policy
Free trade
Free movements of goods without
the
state intervening
Protectionsim
Establish customs tariffs
on
imports
(favour the country's own industry)
Trade agreements between countries
to
overcome
the
crisis
based on
Economic nationalism
State intervention
Franklin D. Roosevelt
(1882-1945)
The
only president of the USA
that
won
the
elections 4 times
In his
mandate many things happened
Crisis of 1929
The rise of totalitarism
World War II
John Maynard Keynes
(1883-1946)
He
defended state intervention
in the
economy
To
protect workers
from negative effects of crises
