7 How far did the Depression make the work of the League more difficult? Flashcards
When was the Wall Street Crash?
It was in October 1929
What did the Wall Street crash mark?
It marked the beginning of a worldwide economic recession
What did the Wall Street Crash cause?
It caused a dramatic contraction in production and trade over the next three years and a steep rise in unemployment.
Who was impacted by the Wall Street Crash?
Every country in the capitalist world was affected, especially the United States of America, although the unemployment levels were at their highest in Germany, peaking at approximately 1/3 of the workforce, or 6 million people, in 1932.
What did the Wall Street Crash reduce inclination of the League members to impose?
The Wall Street Crash reduced inclination of League members to impose economic sanctions.
Why did the League of Nations reduce inclinations of the League members to impose economic sanctions?
As the world markets were shrinking and all countries wanted to maintain their existing trade contacts
Who did the Wall Street Crash bring power to in Germany?
It brought extremists to power in Germany who were committed to destroying Versailles Settlement.
Compare the popularity of the Nazi party in Germany before and after the Wall Street Crash
Before the Wall Street Crash, the Nazis were a fringe party polling less than 3% of the vote. As the recession deepened, the Nazis picked up support
What was encouraged to Japan because of the Wall Street Crash?
It encouraged militarism in Japan.
Why did the Japanese army decide to take the law into their own hands in 1931?
As they appreciated how Japan’s survival depended upon its overseas trade
How were military sanctions of the League impacted by the Wall Street Crash?
As the World Depression put pressure on governments to cut expenditure to balance the books. Therefore, serious rearmament had to be delayed. As a result, the League members lacked the military means to deal with agressors.
How did the Wall Street Crash put pressure on countries?
They put pressure on countries to find new markets and sources of raw materials
How could countries find new markets and sources of raw materials and what was it’s problem?
Through consolation or the annexation of new territories.
But, this was likely to involve war
