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FROM A HARSH POST-WAR TO THE ROARING TWENTIES - Coggle Diagram
FROM A HARSH POST-WAR TO THE ROARING TWENTIES
THE IDEOLOGIES OF THE POST-WAR PERIOD
several ideologies reinforced
nationalism gained support
Wilson's fourteen points
recognition of the right to self-determination
people of defeated empires
second international was dissolved
socialist parties did not share opinions
socialist movement split
communism appeared
A DIFFICULT RECOVERY AFTER THE GREAT WAR
first years in post-war Europe (1918-1925)
there was still a lot of destruction+financial disorder
marked by a major economic crisis
due to the conditions
low production rates
currency devaluation
unemployement
social problems
in 1923
Germany couldn't pay war reparations
Treaty of Versailles
to guarantee the payment
France occupied Ruhr Valley
it worsened the German economic crisis
obligation to pay the debt led to
the German government circulate huge amounts of money
inflation rose up 1 billion percent in 1923
Why?
general increase of goods and services
consequences
economic and moral ruin of the country
managed to get out of hyperinflation thanks to the US
THE ROARING TWENTIES
league of nations was established in 1919
promote peace
balance
open diplomacy
it had to overcome difficulties
international relations were very tense
shown by the French occupation (Ruhr Valley)
Germany and the Soviet Union joined later
United States never joined
prosperity of the United States
due to
development of the industry
increased exports
the repayment of credit given to Europe
financial operations on the stock market
people had access to consumer goods
did not spread to Europe until after WWI