-
Final of the First World War
After 4 years of war the war finished with the victory of the allied side and the principal lose of the German army. -
USA became the first power of the world after the final of the 1WW
-
The Roaring 20's
-
The dry law
-
Period: to
The dry law
Due to the freedom and happiness of the population, the consumption of alcohol was very high; and the government had to prohibit its production, sale and consumition from 1919 to 1933, calling this law "the dry law". Although it was not legal, people continued to consume it because of smuggling and the black market, in which the first mafias and gangsters emerged. -
Period: to
The Roaring 20's
During the "Roaring Twenties" there was a great freedom in the population of the USA which brought an era of wealth in which optimism was a major factor. Due to their happiness and wealth, the American ideal arose among the European population; which caused many Europeans to emigrate to the United States in search of this happiness. -
The United Estates of America start giving loans to European countries for the reconstruction
-
Germany request loans to USA for the payment of the compensation to England and France
-
The beginning of the Crisis
After many years of happiness, the crisis began because of agricultural overproduction, which caused prices and profits to fall considerably as the peasants were still producing the same quantities as during the Great War; and this led to a saturation of the market for agricultural products, raw materials, industrial products... -
“ Black Thursday “
-
Wall Street Crash of 1929
24 October 1929, known as "Black Thursday", when stock prices collapsed. The main causes were overproduction in agriculture, industry and real estate, which led to an excessive fall in prices. Another cause was excessive confidence in the US stock market. -
The Great Depression
The Great Depression; the crisis spread across Europe as the US demanded repayment of all loans granted to European countries. -
The Great Depression in Europe
The crisis spread across much of Europe; Austria and Germany were the worst affected countries as they were financially dependent on the US. In Germany there was an uncontrolled rise in prices. -
The Wall Street crash caused the increase the rate of unemployment
-
The first solutions for the crisis
The crisis situation could not continue like this, the United States decided to implement solutions to the crisis, the first of which was to implement protectionism, in which domestic production was defended against foreign production and taxes were increased. -
But this first solution only made the situation worse
-
Franklin D. Roosevelt take the presidency of USA
-
Economic policy of the NEW DEAL by Roosevelt
The intention of this policy was to put an end to the problem, which was the 14 million unemployed in the country, with the aim of increasing consumption and demand. -
The results of the NEW DEAL
The final balance of this policy; although economic activity did not fully recover and unemployment remained high, the results were slow but positive. -
After the recovery of USA The II World War started
