Ch. 13 The Interwar Years Flashcards
Long March
Mao(chinese) led many communist supports through China to find a safe place for them.
Amritsar Massacre
British soldiers opened fire on a large crowd of peaceful, unarmed demonstrators. This helped convince many Indians that they must rid themselves from British rulers.
Mohandas Gandhi
believed that Nonviolent resistance is the best way to change society. led to the parliament giving indians a limited degree of self-rule
Palestine Mandate
Britain gained control of Iraq and France gained control of Syria and Lebanon
Nationalism in Africa
Africans believed they had earned independence. Eventually Egypt was declared independent
Credit
an arrangement in which a purchaser borrows money from the bank or lender and agrees to pay them back over time.
Economic Growth
In industry, with automobile manufacturing, consumer goods.
Stock Market
Stocks rose nearly 400%, no one wanted to miss out on “prosperity”
Black Tuesday
16 million shares were sold and the stock market crashed. Banks and investors were in deep financial trouble.
Great Depression
Economic downturn in america
Spreading of the Great Depression
- Industry starts slowing down
- people lose jobs and many are unemployed.
- poverty reduced buying of foods and goods.
Government response to the Great Depression
President Herbert Hoover believed the gov. should have limited role in business affairs. Miminal gov. response to the great depression
Franklin D. Roosevelt
governments role in the lives of people greatly increased.
The New Deal
aimed at fighting the Great Depression, economic recovery.
This plan established public works programs that gave jobs and provided money for welfare and other relief programs. also created new regulations to reform and protect the stock market and the banking system.
John Keynes
argued that governments could limit or even prevent economic downturns by spending money even on a unbalanced budget.
World Wide Depression
Allied powers were deeply in debt
Germany was forced to pay after war
Japan had a major economic depression
Smoot-Hawley Tariff Act
placed heavy taxes on imported goods in an attempt to encourage americans to buy goods and products made in america. (it backfired, other countries did the same)