147

639 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
639
On SlideShare
0
From Embeds
0
Number of Embeds
191
Actions
Shares
0
Downloads
5
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

147

  1. 1. The economic situation: The “booming twenties”
  2. 2. The rise of thedemocracies and the Fascism (1918-1939)
  3. 3. The booming twenties• As the 1920s went on, it seemed that there was a real chance that peace would last.• Most countries were getting richer.• It was called “the roaring twenties”
  4. 4. Technology for domestic markets
  5. 5. Some successes:Diplomaticrelations btwRussia andGermany,Germany joinedthe League…
  6. 6. Behind the prosperity there were signs of trouble.• USA was properous – Cheap labour – High wages – Mass production
  7. 7. Construction of skyscrapers in USA
  8. 8. • USA Century!• Hundreds of $ loaned Cultural boom by USA to Europe to recover from WW1
  9. 9. The boom ended in 1929
  10. 10. Overproduction
  11. 11. Boom=to borrow
  12. 12. Americans bought shares
  13. 13. Supply and demand
  14. 14. Artificial prices!!• People hoped banks keep value• They had short of money• Banks failed• Goverment made nothing: free market
  15. 15. Why not selling goods to Europe?• European industries were recovering, so they bought less USA products.
  16. 16. USA• Recovery under Roosevelt (“New Deal”)

×