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World War I and the Great World War I and the Great Depression TimelineDepression Timeline
League of League of NationsNations
What did it do?What did it do? Established the mandate systemEstablished the mandate system Mandates – former Mandates – former
colonies/territories of defeated colonies/territories of defeated Central Powers administered by Central Powers administered by mainly France and Great Britain.mainly France and Great Britain.
Iraq, Palestine, Lebanon, and Syria Iraq, Palestine, Lebanon, and Syria are examples of mandate territoriesare examples of mandate territories
Mandate SystemMandate System
League of League of NationsNations
Why did it fail?Why did it fail?United States did not become United States did not become a member – US wants to a member – US wants to “isolate” itself from Europe “isolate” itself from Europe ((isolationism)isolationism)
L of N did not have the power L of N did not have the power to enforce its decisionsto enforce its decisions
United StatesUnited StatesWanted isolation from the rest Wanted isolation from the rest
of the world.of the world.Dominant world economy after Dominant world economy after
WWIWWILed to economic “boom” = Led to economic “boom” =
immense prosperity.immense prosperity.People borrowed money on People borrowed money on
credit for goods and stocks.credit for goods and stocks.
Great BritainGreat BritainHorrors of war deeply impacted Horrors of war deeply impacted
British society and economy.British society and economy.Lost factory jobs to USA and Lost factory jobs to USA and
JapanJapanLabour Party (worker’s party) Labour Party (worker’s party)
won general elections in the won general elections in the 1920’s.1920’s.
FranceFranceDevastated by WWIDevastated by WWIEconomic hardshipEconomic hardship
High unemployment, gov’t nearly High unemployment, gov’t nearly bankruptbankrupt
Political chaosPolitical chaos No party could get a majorityNo party could get a majority
Horrors of War Horrors of War 50% of men ages 18-32 killed in 50% of men ages 18-32 killed in
warwar
ItalyItalyResented Treaty of VersaillesResented Treaty of Versailles
Did not give enough rewards to Did not give enough rewards to ItalyItaly
High unemployment and inflationHigh unemployment and inflationPolitical and economic chaos led Political and economic chaos led
to the election of Mussolini and to the election of Mussolini and his Fascist government in 1924.his Fascist government in 1924.
Between the Wars: Global Between the Wars: Global Depression & DictatorshipsDepression & Dictatorships
FascesFasces Benito MussoliniBenito Mussolini
GermanyGermany Anger and Resentment over the Anger and Resentment over the
Treaty of Versailles.Treaty of Versailles. Weimar Republic - democratic Weimar Republic - democratic
gov’t elected in 1919.gov’t elected in 1919. Reparations caused economic Reparations caused economic
hardships in Germanyhardships in Germany Loans from the US led to a period Loans from the US led to a period
of relative prosperity in the of relative prosperity in the 1920’s.1920’s.
But…Political unrest still occurs…But…Political unrest still occurs… Rise of Adolf HitlerRise of Adolf Hitler
Between the Wars: Global Between the Wars: Global Depression & DictatorshipsDepression & Dictatorships
Adolf HitlerAdolf Hitler Hitler - ParadeHitler - Parade
RussiaRussiaLenin’s NEW ECONOMIC POLICYLenin’s NEW ECONOMIC POLICYChanges name – now U.S.S.RChanges name – now U.S.S.RLenin Dies » Stalin in powerLenin Dies » Stalin in power1st FIVE YEAR PLAN1st FIVE YEAR PLAN
IndustrializationIndustrializationCollectivizationCollectivization
JapanJapanAfter WWI – felt West did not After WWI – felt West did not
treat it as an equal.treat it as an equal.Industrialization – need for Industrialization – need for
raw materialsraw materialsWanted more control in ChinaWanted more control in ChinaIncreasingly nationalistic and Increasingly nationalistic and
militaristicmilitaristic
The Stock Market The Stock Market CrashCrash
CausesCausesOverproduction in USA – Overproduction in USA – prices go down sharplyprices go down sharply
Excessive dependence on Excessive dependence on credit to buy goods and credit to buy goods and stocks – people cannot pay stocks – people cannot pay debtsdebts
High protective tariffs stifle High protective tariffs stifle world tradeworld trade
The Stock Market The Stock Market CrashCrashOCTOBER 1929OCTOBER 1929
Banks call in loansBanks call in loansPeople unable to pay off People unable to pay off their credit billstheir credit bills
Stock prices tumbleStock prices tumbleBusinesses start to fail, Businesses start to fail, laying off workerslaying off workers
RESULTS IN…RESULTS IN…
Run on the BankRun on the Bank
The GREAT The GREAT DEPRESSIONDEPRESSION
WORLDWIDE effectsWORLDWIDE effectsProduction of goods cut Production of goods cut
around the worldaround the worldPrices, Salaries, and Wages Prices, Salaries, and Wages
fell (Deflation)fell (Deflation)Many workers lost their jobs Many workers lost their jobs
13 million in the USA alone13 million in the USA alone
United StatesUnited StatesFranklin D. Roosevelt elected Franklin D. Roosevelt elected
Pres. in 1932Pres. in 1932NEW DEAL –Fed gov’t would NEW DEAL –Fed gov’t would
spend money, put workers spend money, put workers back to work.back to work.
Regulated banks, stock marketRegulated banks, stock marketSocial security and Social security and
unemployment insuranceunemployment insurance
FranceFranceFascists and Communists Fascists and Communists
constantly battled for constantly battled for influence among workersinfluence among workers
1934 – Socialist-led gov’t 1934 – Socialist-led gov’t comes to powercomes to power
Passed many laws that Passed many laws that benefited workers and benefited workers and farmersfarmers
GermanyGermany1929 – Hitler appeals to German 1929 – Hitler appeals to German
workers - He can bring back workers - He can bring back economic prosperity/German economic prosperity/German national pride national pride (nationalism).(nationalism).
1930’s – NAZI’s win big in 1930’s – NAZI’s win big in electionselections
1933 – Hitler is appointed 1933 – Hitler is appointed “Chancellor” or leader of the “Chancellor” or leader of the German gov’t German gov’t
RussiaRussiaResults of the FIVE YEAR PLANResults of the FIVE YEAR PLAN
Rapid IndustrializationRapid IndustrializationWorkers work for little, no payWorkers work for little, no payFood is scarceFood is scarceFamineFamine
1930’s - Great Purge – Stalin tries 1930’s - Great Purge – Stalin tries to “eliminate” his “enemies”to “eliminate” his “enemies”
JapanJapan Japan dependent on US market Japan dependent on US market
– Great Depression in USA – Great Depression in USA carried to Japancarried to Japan
Millions unemployed, starvingMillions unemployed, starvingMilitary leaders promised stable Military leaders promised stable
leadership and national pride leadership and national pride ((nationalismnationalism))
Eyed imperial expansion in AsiaEyed imperial expansion in Asia