Upload
mdlaubac
View
1.463
Download
1
Tags:
Embed Size (px)
Citation preview
Situation in Europe Pre 1929 Germany slowly recovering France and Britain recovering from war,
enjoying new empireFrench goal: keep Germans weakBritish goal: imperium!Both pursue deflationist policies, to combat inflation
of the war – restrain wages… Russia now USSR, now under Stalin West and Central Europe increasingly
dependant on U.S. economyLoans investment
Cultural Shifts Art: Surrealism,
Cubism Architecture:
Bauhaus Music: Jazz
Improvement in Germany Dawes plan allows
repayments Money stabilizes Municipal spending
projectsSchoolsHospitalsAffordable housing
France leaves the Ruhr Valley 1925
NY Crash
Young Plan…Fails 1929/1930 plan for
more U.S. loans to Germany
Falls apart due to Crash
American banks have little to lend
That which they have is lent to Americans
Hawley-Smoot Tariff Tariff: protective tax on
imports to protect native industry
Hawley-Smoot: tax imposed on imports to U.S.
Reaction: Protective tariffs worldwide on U.S. goodsU.S. can’t export/import as
muchEach decrease by at least
60%World wide economy craters
The Greatest Depression No more loans Unemployment in
Germany triples from 2 million to 6 million – 30% - by 1932
Farmers have not fully recovered, squeezed again
Reparations halted Street Warfare
Reaction in the West Britain
ends gold standard in 1931 Ends free trade 1932 – tariffs
up to 100% Reluctant to spend past
income France
Socialists vs action francaise Violence Socialist government 1936-
1938○ 40 hour week○ Nationalize certain
industries○ Leader, Leon Blum, was
Jewish○ Antisemitism and
antisocialism
Depressed Europe
Five year plan and Industrialization in the USSR
Collectivization and Kulaks
“The Centre Cannot Hold”“Second Coming”
by William B Yeats
Turning and turning in the widening gyre The falcon cannot hear the falconer; Things fall apart; the centre cannot hold; Mere anarchy is loosed upon the world, The blood-dimmed tide is loosed, and everywhere The ceremony of innocence is drowned; The best lack all conviction, while the worst Are full of passionate intensity.