TRADE AND ARMS CONTROL 17-1. PEACE AND STABILITY  Pre WWI --> debtor nation  Post WWI --> reversed (to some extent)  Allies owed US over $10 billion.

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Presentation transcript:

TRADE AND ARMS CONTROL 17-1

PEACE AND STABILITY  Pre WWI --> debtor nation  Post WWI --> reversed (to some extent)  Allies owed US over $10 billion

THE MYTH OF ISOLATIONISM  Majority of people favored isolationism  Treaty of Versailles  League of Nations  Reality: too powerful to REALLY be isolationist  Economically tied to other countries  Peace through economic policies and arms control rather than armed forces and collective security (League of Nations)

THE DAWES PLAN  High American tariffs hampered other countries' economic recovery  Couldn't pay debts  GERMAN ECONOMY!  Charles G. Dawes (Am diplomat) wanted Am banks to loan money to Germany so that Germany could make reparation payments

THE WASHINGTON CONFERENCE  Major powers in costly naval arms race  U.S., G. Brit, France, China, Japan, Belgium, Netherlands, Portugal meet to discuss disarmament  Sec of State Charles Evans Hughes proposed 10 yr moratorium on construction of new warships and the demolition of several existing battleships

FIVE-POWER NAVAL LIMITATION TREATY  Brit, France, Italy, Japan, U.S. formalized Hughes's proposal  Did nothing to limit land forces  Angered Japan who was told their naval force had to be smaller than G.Brit and U.S.

ABOLISHING WAR  Wanted treaty to outlaw war  Aug 27, U.S. and 14 other countries sign Kellogg-Briand Pact  No binding force  Abandon war  Settle all disputes peacfully

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