1. BELL RINGER 1) Who was Erich von Ludendorff ?1) Who was Erich von Ludendorff ? 2) Who were the Big Three?2) Who were the Big Three? 3) List some of German conditions and complaints about the Peace treaty of Versailles.3) List some of German conditions and complaints about the Peace treaty of Versailles.

2. Ch.17 Section1 “The Futile Search for Stability”

3. Uneasy Peace: 1919- 1929 League of Nations:League of Nations: Didn’t maintain the peaceDidn’t maintain the peace U.S. didn’t joinU.S. didn’t join League could not use force against aggressionLeague could not use force against aggression

4. French Demands Wanted Germany to pay for warWanted Germany to pay for war French Army occupied the Ruhr Valley, an industrial and mining center.French Army occupied the Ruhr Valley, an industrial and mining center. French planned to take the reparations by operating German industries themselves.French planned to take the reparations by operating German industries themselves. (Germany owed 33 billion dollars) (Germany owed 33 billion dollars) (Germany pay 2.5 billion in 1921 but couldn’t after)

5. Inflation in Germany Germany’s economy was horrific.Germany’s economy was horrific. German marks were worthless.German marks were worthless. Huge inflation meant that people suffered terribly.Huge inflation meant that people suffered terribly. Political unrest in Germany.Political unrest in Germany.

6. Marks- Dollars 1914 – 4.2 marks = 1 dollar.1914 – 4.2 marks = 1 dollar. Beg. Nov. 1923 – 130 billion marks = 1 dollar.Beg. Nov. 1923 – 130 billion marks = 1 dollar. End Nov. 1923 – 4.2 trillion marks = 1 dollar.End Nov. 1923 – 4.2 trillion marks = 1 dollar.

7. Charles Dawes

8. The Dawes Plan (1924) Loan to Germany to help (200 million)Loan to Germany to help (200 million) Reduce the reparationsReduce the reparations Coordinates Germany’s payments with what the nation could affordCoordinates Germany’s payments with what the nation could afford Treaty of Locarno in 1925 between the French and Germans which guaranteed Germany’s western borders. Seen as the beginning of a lasting peace.Treaty of Locarno in 1925 between the French and Germans which guaranteed Germany’s western borders. Seen as the beginning of a lasting peace.

9. The Great Depression 1924-1929 period of prosperity.1924-1929 period of prosperity. Depression- a period of low economic activity and rising unemployment.Depression- a period of low economic activity and rising unemployment.

11. Causes of Depression I. Series of downturns in the economies of individual nations.I. Series of downturns in the economies of individual nations. Ex) prices falling b/c of rapid overproduction.Ex) prices falling b/c of rapid overproduction. II. Internal financial crisis involving the U.S. stock.II. Internal financial crisis involving the U.S. stock. European prosperity was built on loans by U.S. to Germany. European prosperity was built on loans by U.S. to Germany. U.S. investors pulled their money out of European banks.U.S. investors pulled their money out of European banks.

15. Responses to the Depression Gov’t become more involved in the economy.Gov’t become more involved in the economy. Communism becomes popular.Communism becomes popular. People turn to political leaders who had a solution (dictators)People turn to political leaders who had a solution (dictators)

16. Democratic States after the War: Germany William II out, Weimer Republic in.William II out, Weimer Republic in. No political leader emerged.No political leader emerged. Economy badEconomy bad Depression paved the way for extremist party.Depression paved the way for extremist party.

17. France Strongest on continent. Economy descent B/w 1932-1936 political strife.

18. Great Britain Unemployment rose during the period.Unemployment rose during the period. Conservative Gov’t lead Britain out of the DepressionConservative Gov’t lead Britain out of the Depression

19. United States Other than Germany, U.S. was hit hardest by the Great Depression. 1933- 12 million unemployed.

20. Franklin Delano Roosevelt

21. FDR’s New Deal 1932 Roosevelt elected president.1932 Roosevelt elected president. His New Deal:His New Deal: -Active Gov't in the economy -Increase public works -Welfare system -Social Security Act

22. 1933 – 12 million unemployed1933 – 12 million unemployed 1938 - 10 million unemployed1938 - 10 million unemployed World War II and weapon industries brought the U.S. to full employment.World War II and weapon industries brought the U.S. to full employment.

23. REVIEW 1) Why did the League of Nations fail?1) Why did the League of Nations fail? 2) What were the causes of the depression?2) What were the causes of the depression? 3) Who was FDR?3) Who was FDR?