 The League of Nations is WEAK  Germany is mad about the war guilt clause and is BROKE from paying reparations (money owed to all “winning countries”

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Presentation transcript:

 The League of Nations is WEAK  Germany is mad about the war guilt clause and is BROKE from paying reparations (money owed to all “winning countries” for the cost of the war) › To pay reparations, Germany just printed money, which caused INFLATION  1 loaf of bread cost 3 billion marks

 Economic Depression : Low economic activity and High levels of unemployment › This occurred throughout the WORLD › This cause people to become desperate for a leader who could bring wealth back to their countries

 Germany: Extremists get voted into power (HITLER)  France: formed workers unions and collective bargaining- gave unions the right to negotiate with employers  Great Britain: John Maynard Keynes proposed deficit spending- government builds to hire the unemployed, the unemployed will spend their $ and all industries will get more money

 The US: Franklin Delano Roosevelt proposed The New Deal which included bank reforms, union reforms, social security, unemployment, welfare, etc

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