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Interwar Years: Great Worldwide Depression
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The International Scene
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Europe in 1919
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After WWI what was created to estb. international cooperation? To prevent another world war by encouraging a peaceful resolution to problems? League of Nations After WWI what was created to administer to the colonies of the defeated nations? Mandate System France and Britain Middle East Who didn’t join the League? United States
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League of Nations Members in 1919
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Washington Naval Conference 1922 U. S. Britain Japan France Italy 5 5 3 1.67 1.67 Kellogg Briand Pact 1928 limits amount of weapons each country can have
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League of Nations Main reason it failed? No enforcement!!!!
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Mandate System
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Zionism-the mov’t to establish a Jewish homeland
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Economics of the Interwar Years
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Agriculturalism- agricultural production was a profitable item during the war but after the war there was far less demand for agricultural products
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Economic Isolationism- the attitude of ignoring the economic interconnections between countries. Most countries raise tariffs (taxes on imports) to encourage their own citizens to buy products made in their own country. This means no other country will buy products your country tries to sell to them...it becomes protectionism
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France one of the few countries which does not become totalitarian
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France Counted on German reparations to pay for rebuild of infrastructure liberals under Populist Party run gov’t for a while inflation and bad economy make trouble for France Severe economic problems 1) war debt to US 2) need to build defense against Germany - Maiginot line
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England one of the few countries which does not become totalitarian
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Germany
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United States The country that emerged from WWI with the only dynamic economy
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United States What caused the stock market crash of October 1929?
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United States What caused the stock market crash of October 1929? 1. Stock prices were inflated by the gov’t 2. The beginning of WWII 3. Negative influence of the Treaty of Versailles 4. Stock purchased on credit inflated prices
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World Wide Depression Which of the following was NOT a cause of the worldwide depression in the 1930s? 1. German reparations for World War I 2. Stock Market Crash of 1929 3. World War II 4. Excessive expansion of credit
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World Wide Depression Which of the following was not a result of the worldwide depression in the 1930s? 1. high unemployment in industrial countries 2. growing importance of the Nazi Party in Germany 3. bank failures and collapse of credit 4. Stock Market crash of 1929
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