World History s1

World History Ch. 15.2 ______Date:

Learning Objective: Today I will be able to

• ______economy in Europe after WWI • But, U.S. is p______, 1920s.

Unstable New – ______rulers/kings in Europe ______, 1914-1918. Democracies in • For generations kings & emperors have always Ruled, Germany & Europe countries created from Austria-Hungary. • Even Italy, France, & Great Britain were monarch. – ______with democracy.

Coalition – ______of several parties Government – ______political parties in Europe – Short-lived b/c of too many disagreements. • Too many ______in gov. during economic crisis.

– Ppl. ______for stability. – Opens door for authoritarian rule.

Weimar Republic – New democratic gov. in Germany, 1919 – ______for German’s WWI ______.

Inflation in – ______to pay France & GB Germany • Money owed to France & GB as stated in Treaty of Versailles – Value of mark (German currency) ______greatly. • In 1922 bread cost was less than a mark, but cost increased to 10 marks in 1923 and up to 200 billion marks by 1928.

Dawes Plan – $200 million ______from American banks. – Charles Dawes, American banker. – ______German currency & economy – 1929, Germany stabilized

Kellogg-Briand – ______between European countries to ______– Peace treaty between France/GB (Great Britain) & Germany World History Great Depression in • US ______the world economy the US leads to – Weakness of ______: world crisis • ______distribution of wealth • Top 5% rich owned 33% of income • Americans ______• Credit/loans • ______crops & debt • Tariffs/Quotas • Buying at the margin stock market/speculation • US ______from Europe – Quotas/tariffs: tax on imported goods. – Chain reaction of quotas/tariffs – World trade dropped by 65% – Depression ______Europe & Latin America.

YouTube: The Depression & Germany

• People stood outside in line, for what?

• According the video, which country was affected the most from the world economic crisis?

• How did things get worse?

France & GB – Great Britain: High tariffs & taxes, regulate currency, lower interest rates, & Solutions to Crisis ______. • By 1937, unemployment decreased about 50% & production rose above 1929’s levels. – France: formed coalition gov. of ______,______,______known as Popular Front. • Despite political instability, France preserved democracy. – Socialist solutions: – Scandinavian countries ( Denmark, Sweden, & Norway) : • ______through public work projects • Raise pensions for elderly • Subsidies for housing, welfare, unemployment insurance. – US: • ______: Large public works projects to create jobs, welfare, & loans to farms/businesses. • Franklin D. Roosevelt preserved democracy.

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