The futile search for stability


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World Ch.9 section 1

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The futile search for stability

  1. 1. The Futile Search for Stability CH.9 SECTION 1
  2. 2. Think about this… What are some of the effects that an unstable government can have on a country? After WWI, many different political parties arose. What political parties are you familiar with in the U.S.? In other countries?
  3. 3. League of Nations Much weaker than originally planned The US was NOT a member  Senate did not ratify Treaty of Versailles Members of the league would not agree to use force against nations that violated international law.
  4. 4. Instability in Germany Germany owed 132 billion German Marks (33 billion US dollars) paid in yearly installments After the first year they had a financial crisis and announced they could not pay French occupied Ruhr Valley and planned to collect money by operating Ruhr mines and factories Workers went on strike, and the government paid their salaries by printing more money By November 1923 4.2 trillion marks= $1 US  Money was worthless
  5. 5. Dawes Plan An international commission produced a new plan for reparations in 1924- Dawes Plan  Reduced reparations  Coordinated Germany’s annual payments with its ability to pay  Granted an initial $200 million loan for German recovery
  6. 6. Treaty of Locarno Begun by a new spirit of accord between Germany and France Treaty guaranteed new Western borders for Germany Germany soon after joined the League of Nations Everyone believed this meant lasting peace
  7. 7. Democratic States after the war Germany  Created a new republic called the Weimar  No strong political leaders  Serious economic problems and was hit by the Great depression France  Was the strongest European power after the war  Did not feel the effects of the Great Depression until 1932  Economic problems caused political chaos  Popular Front Government formed by leftist parites (communist, socialists, etc)  Started the French New Deal  Gave workers right to collective bargaining, a 40hr work week, paid vacation, and a minimum wage
  8. 8. Democratic states cont. Great Britain  Lost many of its markets to the US and Japan during the war  A new conservative government claimed credit for getting Britain out of the depression using balanced budgets and protective tariffs The U.S.  More than 12 million were unemployed by 1933  FDR was elected and formed the New Deal  Increased program of public works  Welfare system  1935 Social Security Act