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The Weimar Republic is established
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Period: to
The Roaring Twenties
The Roaring Twenties was a decade of economic growth and widespread prosperity in the USA, driven by recovery from wartime devastation and deferred spending, a boom in construction, and the rapid growth of consumer goods. -
Prohibition in USA
The USA banned the making and selling of alcohol -
Rise of organised crimes in the USA
Due to the prohibition, people started making their own alcoholic drinks or buying them illegaly. This led to a huge rise in organised crimes and gang violence. The most well-known mobster of this era was Al Capone -
Mass production
This made technology affordable to the middle class. The automotive industry, the film industry, the radio industry, and the chemical industry took off during the 1920s. -
Hitler sets up the National Socialist's Worker's Party (The Nazi Party)
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Mussolini sets up the National Fascist Party in Italy
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March on Rome
Mussolini summoned thousands offascists to participate in it, threatening to take the control of the government by force. This resulted in King Victor Emmanuel III handing power over to Mussolini. -
Hyperinflation in Germany
Due to the enormous amount of money the Germans had to pay, they decided to print a lot of banknotes to pay off their debt, which was totally counterproductive. -
Vladimir Lenin's death
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Stalinism in The USSR
After Lenin's death, Leon Trosky and Joseph Stallin engaged in a contest for power. Stallin prevailed and became general secretary of the Communist Party of the Soviet Union. He established a totalitarian regime called Stalinism -
The Dawes Plan
The US inverted in this plan so as to recover its money. Consisting on dividing Germans debt into year payments and granting it a series of loans in order to allow Germany's economy to recover as well as pay back the USA and the allies. -
The Young Plan
The Dawes Plan was replaced. It reduced the reparations that Germany owed because everyone involved had realised that Germany was unable to pay the full amount -
Period: to
The Great Depression
Due to the importance of the USA in the global economy, the crisi spread quickly across the world. It was characterised by unemployment, poverty and misery. -
The Wall Street Crash
After weeks of ups and downs on the stock market, share prices fell and sahreholders started panicking. A mayor sell-off began and the stock market completely collapsed -
Roosevelt's New Deal
A set of government programmes wich focused on three R's: relief for the poor, recovery of the economy and reform of the banking system