The Futile Search for Stability - 17-1
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Transcript

  • 1. WORLD BETWEEN THE WARS
  • 2. The Futile Search for Stability
    • League of Nations very weak
      • U.S. Senate refused to approve
      • 3. League members disagreed on using force
    • FR desired security and demanded reparations
      • 132 billion German marks ($33 billion)
      • 4. GER unable to pay
      • 5. FR occupies Ruhr Valley (mines/factories)
  • 6. Inflation in Germany
    • Printed more money
      • Mark was soon worthless
      • 7. 4.2 trillion marks = $1.00
    • The Dawes Plan – reduced reparations, loaned $200 million, heavy American investments (brief prosperity followed)
  • 8. Treaty of Locarno
    • Guaranteed GER's new western boarders with FR and BEL
    • 9. “France and Germany Ban War Forever”
    • 10. 1926 GER joined League of Nations
    • 11. Kellogg-Brand Pact – 63 nations “renounce war as an instrument of national policy” - however nations kept their large military forces
  • 12. Kellogg-Briand Pact
  • 13. ROARING 20s!!
      Hippo- #59 “America's Economy Roar”
    Learn the Charleston Watch the Charleston- video.yahoo.com/watch/42200/850932 And then...
  • 14. Causes of the Great Depression
    • 1- downturns in the economies of individual nations
    • 15. 2- U.S. stock market - Boom to Bust!
    • 16. Hippo- #59 “The Depression”
      • October 29, 1929 – Black Tuesday
      • 17. U.S. Investor withdrew $$ which weakened EU banks, industrial production declined, & unemployment rose.
    In a single day, thirty billion dollars vanished into thin air. Cynical New York hotel clerks asked incoming guests, "You want a room for sleeping or jumping?"
  • 18. Great Depression in Europe
    • 1932- Worst year of Depression
      • ¼ British unemployed
      • 19. 40% unemployment rate in Germany
    • Govt more hands-on with economy
      • tried to cut cost by lowering wages and raising tariffs (bad economic and political effects)
    • Marxism becoming popular
      • people followed dictators that offered simple solutions
  • 20. Weimar Republic
    • German democratic state created after WWI
    • 21. Problems
      • Marginal political leaders – Hindenburg
      • 22. Serious economic problems - inflation
      • 23. Rise of extremist parties
  • 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 "blessing" to Hitler, who consolidated the two offices of Chancellor and President into one.
  • 25. FDR & the New Deal
    • Land-slide victory in 1932
    • 26. Capitalism must be “saved”
    • 27. New Deal Hippo- #60 “The New Deal”
      • WPA (roads, bridges, airports)
      • 28. Welfare system
      • 29. Social Security Act (pension & unemployment insurance)
    • WWII and the growth of weapons production would finally pull U.S. out of depression