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Unstable New Demogracies
from 1914-1918 europes last overtrown. The first of the new goverment was form in russia 1917. the provitional government got to establish constitutional and democratic rule.but it had fallen to a comunist dictatorship. -
Inflation in Germany
severe inflation set in. For example, in Berlin a loaf a bread cost loess than a mark in 1918, more than 160 marks in 1922 and some 200 billion marks by late 1923. -
Weimars Republic
Weimar Republic was setup in 1919,Weimars Republic is germany's new democratic government.It was named after the city where the national assembly met -
Financial Collapse
In the late 1920s, American economic prosperity loargely sustained the world economy -
Overproduction
Overproduction affected American farmes as well. As a result, a worldwide surplus of agricultural products dove prices and profits down. -
Dawes Plan
Germany recovered from the 1923 inflation. Dawes Plan provided for a $200 million loan from American banks to stabilize German currency. Put into effect in 1924, the Dawes Plan helped slow inflation -
League of Nations
In 1925, the two ministers met in Locarno, Switzerland, with officials from Belguim, Italy, and Britain. They signed a treaty promising that France and Germany would never again make war against each other. Germany also agreed to respect the existing borders of France and Belguim -
Spirit of Locarno
hopes raised by "spirit of Locarno" led to the Kellogg-Briand peace pact. Frank Kellogg arranged this agreement with France's Briand. Almost every country pledged "to renounce war as an instrument of national policy". -
Factories
By 1929 German factories were producing as much as they had before the war. -
Collapse
The U.S economy weakened and the whole worlds economic system collapsed. -
Flawed U.S Economy
American factories were turning out nearly half of the worlds industrial goods. Which led to enormous profits. The richest 5 percent of the population recieved 33% of all personal income. Yet 60% of all American families earned less than $2,000 a year. They were to poor to buy -
The Stock market Crashes
In 1929,New York City's Wall Street was the financial capital of the world. At Wall Street's New York Stock Exchange, optimism about th booming U.S. economy showed in soaring prices for stocks. To get in the boom, many middle-income people began buying stocks on margin. -
High stock prices
In September 1929, some investors began to think that stock prices were unnaturally high. They started selling their stocks, believing the prieces would soon go down. -
Lowering of stock prices
By Thursday, October 24, the gradual lowering of stock prices had becomean all-out slide downward. -
Everyone wanted to sell socks,and no one wanted to buy
Prices plunged to a new low on Tuesday, October 29. A record 16 million stocks were sold. Then the market collapsed. -
France Responds to Economic Crisis
In 1930, it was still heavily agricultural and less dependent on foreing trade. -
The Great Depression
By 1932, Factory production had been cut in half. Thousands of businesses failed, and banks closed. Around 9 million people lost the money in their savings accounts when banks had no money to pay them. -
Recovery in the United States
In 1932, in the first presidential election after the Depression had begun, U.S. voters elected Franklin Roosevelt. -
no jobs
By 1933, one-fourth of all American workers had no job. -
Goverments were formed and fell
In 1933, five coalination governments formed and fell. Many political leaders were frightened by the growth of antidemocratic forces both in France and in other parts of Europe. -
The New President
On March4, 1933, the new president sought to restore American's faith in their nation. -
French workers were unemployed
By 1935, one million French workers were French unemployed. The economic crisis contributed to political instability. -
Moderates, Socialists, and Communist
In 1936, moderates, Socialists, and Communists formed a coalition. The popular Front, as it was called, passed a series of reforms to help the workers. Unfortunately, price increases quickly offset wage gains. Unemployment remained high. -
Britain Take Steps to Improve Its Economy
By 1937, unemployment had been cut in half, and production had rised above 1929 levels. Britain avoided political extremes and preserved democracy.
