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What was a consequence of the Treaty of Versailles on countries like Japan, Italy, Germany, and Russia?
What was a consequence of the Treaty of Versailles on countries like Japan, Italy, Germany, and Russia?
- They experienced rapid economic growth.
- They became isolated and neutral.
- They felt cheated and upset. (correct)
- They felt empowered and satisfied.
What was the primary cause of the rise of fascist and totalitarian regimes in the interwar period?
What was the primary cause of the rise of fascist and totalitarian regimes in the interwar period?
- The failure of fascist aggression and the rise of democracies.
- The fall of democracies and the rise of fascism and totalitarianism. (correct)
- The fall of democracies created a power vacuum
- The rise of democracies and the fall of fascist and totalitarian regimes.
What was the outcome of Germany's decision to print money to pay its debt?
What was the outcome of Germany's decision to print money to pay its debt?
- It led to a decrease in taxes and an increase in tariffs.
- It led to an increase in inflation and a decrease in the value of money. (correct)
- It led to a decrease in Allied loans and an increase in bonds.
- It led to a decrease in inflation and an increase in savings.
What was the motivation behind the Dawes plan?
What was the motivation behind the Dawes plan?
What was the condition of the world economy in 1929?
What was the condition of the world economy in 1929?
What was a characteristic of early democracies in the interwar period?
What was a characteristic of early democracies in the interwar period?
What sign indicates a healthy democracy?
What sign indicates a healthy democracy?
What economic consequence results from improved farming methods?
What economic consequence results from improved farming methods?
How did the United Kingdom boost exports during the economic crisis?
How did the United Kingdom boost exports during the economic crisis?
Which policy did France implement to make its exports more competitive?
Which policy did France implement to make its exports more competitive?
What was one of the significant economic measures taken by the USA to help recover from the Great Depression?
What was one of the significant economic measures taken by the USA to help recover from the Great Depression?
Who helped found the Chinese Communist Party and developed his own brand of communism?
Who helped found the Chinese Communist Party and developed his own brand of communism?
What event outraged China after the Treaty of Versailles?
What event outraged China after the Treaty of Versailles?
Which factor contributes to a healthier economy according to the text?
Which factor contributes to a healthier economy according to the text?
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Study Notes
Interwar Period
- Countries felt upset after the Treaty of Versailles, including Japan, Italy, Germany, and Russia, which led to the rise of Fascism, Nazism, and Totalitarianism.
- The Great Depression led to people's inability to work and earn a living, causing widespread poverty.
- The failure to stop Fascist aggression was a lesson from the 1930s.
Spanish Flu
- The Spanish Flu killed five times as many people as World War I, leading to unprecedented fear and unpredictability in life.
- The pandemic led to the development of Expressionism.
Economic Crisis in Germany
- In 1918, a loaf of bread cost 2 marks, but by 1923, it cost 20 billion marks, leading to the disappearance of people's life savings.
- The government opted to print more money to pay debts, causing hyperinflation.
Dawes Plan
- The US intervened to stabilize the economy in Germany by using US money to back the German currency.
- A stable Germany would be able to buy US products, which was beneficial for the US economy.
The Great Depression
- The US was producing over 50% of the world's goods before the Great Depression.
- Early democracies were fragile, and the economic downturn led to social and political instability.
- The economy suffered from problems such as 5% of the population owning 33% of the wealth, leading to reduced consumption and production.
Economic Triangle of Doom
- Farmers took out loans, got into debt, and defaulted, leading to bank failures and reduced purchasing power.
Country-Specific Responses to the Great Depression
Britain
- The government spent heavily on welfare and abandoned the gold standard to boost exports.
- They lowered interest rates to encourage borrowing and spending.
France
- France devalued their currency to make exports more competitive.
- They invested heavily in public works projects and pursued trade agreements with other countries.
USA
- The government invested in public works projects, welfare programs, and banking reforms to restore trust.
- They created safety nets like social security and FDIC insurance.
- The New Deal, led by Roosevelt, helped stimulate the economy.
Scandinavian Countries
- They invested in public works, welfare programs, and manufacturing to boost profits.
- They devalued their currency to help exports.
- Their established safety nets helped stabilize the economy.
Chinese & Japanese History
Qing Dynasty
- Nationalists overthrew the Qing dynasty in 1911.
- The three principles of the people, nationalism, people's rights, and people's livelihood were established.
- Sun turned his power over to a powerful general who broke the democracy.
Communist Party
- Mao Zedong founded the Chinese Communist Party and developed his own brand of communism.
- Lenin sent military advisors to help the Chinese set up their communist party.
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