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Period: to
Europe’s last absolute rulers are overthrown
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New goverment forms in Russia
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Period: to
Price of bread increases in Germany
First from less than one mark to 160, and later on to 200 billion marks. (A loaf of bread) -
Weimar Republic
Germany’s new democratic government is created -
Period: to
Overproduction affected American farmers
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Germany Inflation
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Dawes plan helps lower Germany inflation
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Ministers sign treaty between France and Germnay
The treaty was signed agreeing that France and Germany would not make war against each other. -
Hopes raise by the "Spirit of Locarno"
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German factories production increased
As much as they had before war -
New York City's wall street: financial capital of the world
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American factories biggest source of industrial goods
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World's economic system collapse
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Period: to
The great depression
Millions of people worldwide lost their jobs and farms. At first unemployed has to depend on charity of others food, clothing and shelter. -
Period: to
In Asia, both farmers and urban workers suffered as the value of exports fell
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Stock sales
Investors began selling their stocks seeing it as an opportunity for economic survival, but no one wanted to buy stocks -
Black Thursday
Investors started selling their stocks, believing the prices would soon go down. This day, the gradual lowering of stock prices had become an all-out slide downward. -
Austria's largest banks fails
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Franklin D. Roosevelt is elected president
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Factory production has been cut in half
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Five coalition governments formed and fell
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Roosevelt
The new president sought to restore American´s faith in their Nation. Roosevelt immediately began a program of government reform that he called the New Deal. -
American employment lowers by one-fourth
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One million French workers were unemployed
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A new coalition
Moderates, Socialists, and communists fromed a coalition. The Popular Front, as it was called, passed a series of reforms to help the unemployed workers -
Unemployment had been cut in half
