Post WWI 

Germany (DE) After FR takes the Ruhr Valley, DE workers go on strike To satisfy workers DE prints more and more and more and more $$$ to pay higher salaries This causes such rapid inflation that the DE Mark (money) becomes useless 40% unemployment New Weimar Republic was ineffective at stopping problems, path was set for extreme parties to rise

German Mark 1914: 4.2 Marks = 1 Dollar Nov 1923: 130 Billion Marks Nov 30th 1923: 4.2 Trillion Marks

U*S*A Refuses to join League of Nations Offers DE a loan (Dawes Plan), stops lending after the Crash Black Tuesday, Stock Market crashes and US goes into Great Depression 1932 FDR is elected President & promises a “New Deal” He offers programs to get country back on track, some work but some don’t US remains in a slump until WWII

FR Economy fails because DE cannot pay war debt The Popular Front (collection of socialists and communists) gain power They fail by 1938 FR is in real trouble at home by the start of WWII

GB Economy declines because they lose industry to US and JP 2 million are left unemployed after WWI Conservatives used trad. policies and ltd gov’t spending to end the Depression in GB

HOOVERVILLES