Interwar Flashcards
What was the European economic situation like IMMEDIATELY after the war?
Economic recovery and well-being of Europe were tied to a tangled financial system that involved war debts among the Allies
Reparations paid by Germany and Austria and the flow of U.S. funds to Europe
Governments of Austria and Germany relied on U.S. loans and investment capital to finance reparation payments to France and England
French and British government depended on those reparation payments to pay off loans taken out in the United States during the Great War
By Summer of 1928, U.S. lenders and investors started to withdraw capital from Europe, placing an intolerable strain on the financial system
Versailles Treaty, debts, and what was proposed
How did European economic situations improve in the mid 1920s?
Dawes Plan: cause and effect
USA Stock Market Crash of 1929
Why did the Great Depression become global in scope?
Economic nationalism: trade restrictions, tariffs
Why did fascism become popular? With whom did it become popular?
Losses of WWI => Rise of Fascism
Benito Mussolini / ”Il Duce”
Blackshirts
Armistice and Treaty of Versailles: Weimar officials seen as “November Criminals”
Weimar Republic / Hyperinflation
Adolf Hitler: Nazi Party
Brownshirts (like Mussolini’s Blackshirts)
Enabling Act
World War I and impact on China: Shangdong Province in Versailles Treaty
May Fourth Movement 1919