The Futile Search for Stability - 17-1

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The Futile Search for Stability - 17-1

  1. 1. WORLD BETWEEN THE WARS
  2. 2. The Futile Search for Stability <ul><li>League of Nations very weak </li><ul><li>U.S. Senate refused to approve
  3. 3. League members disagreed on using force </li></ul><li>FR desired security and demanded reparations </li><ul><li>132 billion German marks ($33 billion)
  4. 4. GER unable to pay
  5. 5. FR occupies Ruhr Valley (mines/factories) </li></ul></ul>
  6. 6. Inflation in Germany <ul><li>Printed more money </li><ul><li>Mark was soon worthless
  7. 7. 4.2 trillion marks = $1.00 </li></ul><li>The Dawes Plan – reduced reparations, loaned $200 million, heavy American investments (brief prosperity followed) </li></ul>
  8. 8. Treaty of Locarno <ul><li>Guaranteed GER's new western boarders with FR and BEL
  9. 9. “France and Germany Ban War Forever”
  10. 10. 1926 GER joined League of Nations
  11. 11. Kellogg-Brand Pact – 63 nations “renounce war as an instrument of national policy” - however nations kept their large military forces </li></ul>
  12. 12. Kellogg-Briand Pact
  13. 13. ROARING 20s!! <ul>Hippo- #59 “America's Economy Roar” </ul>Learn the Charleston Watch the Charleston- video.yahoo.com/watch/42200/850932 And then...
  14. 14. Causes of the Great Depression <ul><li>1- downturns in the economies of individual nations
  15. 15. 2- U.S. stock market - Boom to Bust!
  16. 16. Hippo- #59 “The Depression” </li><ul><li>October 29, 1929 – Black Tuesday
  17. 17. U.S. Investor withdrew $$ which weakened EU banks, industrial production declined, & unemployment rose. </li></ul></ul>In a single day, thirty billion dollars vanished into thin air. Cynical New York hotel clerks asked incoming guests, &quot;You want a room for sleeping or jumping?&quot;
  18. 18. Great Depression in Europe <ul><li>1932- Worst year of Depression </li><ul><li>¼ British unemployed
  19. 19. 40% unemployment rate in Germany </li></ul><li>Govt more hands-on with economy </li><ul><li>tried to cut cost by lowering wages and raising tariffs (bad economic and political effects) </li></ul><li>Marxism becoming popular </li><ul><li>people followed dictators that offered simple solutions </li></ul></ul>
  20. 20. Weimar Republic <ul><li>German democratic state created after WWI
  21. 21. Problems </li><ul><li>Marginal political leaders – Hindenburg
  22. 22. Serious economic problems - inflation
  23. 23. Rise of extremist parties </li></ul></ul>
  24. 24. The head of state position in Germany at the time was basically shared by the Chancellor, and the President. The President of the Weimar Republic Paul von Hindenburg had been a German Military leader. It was Hindenburg who appointed Adolf Hitler as Chancellor. The two did not alway share an amiable relationship, but at Hindenburg's death (1934), he gave his &quot;blessing&quot; to Hitler, who consolidated the two offices of Chancellor and President into one.
  25. 25. FDR & the New Deal <ul><li>Land-slide victory in 1932
  26. 26. Capitalism must be “saved”
  27. 27. New Deal Hippo- #60 “The New Deal” </li><ul><li>WPA (roads, bridges, airports)
  28. 28. Welfare system
  29. 29. Social Security Act (pension & unemployment insurance) </li></ul><li>WWII and the growth of weapons production would finally pull U.S. out of depression </li></ul>

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