What were the consequences of WWI?
World War I left millions of people dead
and the map of Europe transformed.
Economic problems and political unrest
resulted in major changes in society.
Troubled times after World War I affected
1912 Nationalist party overthrows emperor
but they can’t hold
power
.
Some people are unhappy and want to follow
Russia’s example…
so a
communist
party is formed.
By 1920’s Nationalist party under Chiang
Kai-shek (or Jiang Jieshi) are battling the
Communists under Mao Zedong.
1) During the 1920s,
where were most colonial possessions located?
2) Predict- How do you think the growth of
nationalism might affect the area of the world shown in this map? How might the map be
Nationalism grew in areas that had long been under
the power of other nations.
In some places, nationalism led to struggles for
independence.
India and Egypt
Ottoman empire –Turkey, Persia - Iran
Zionism- Jewish national movement, called for a homeland British Mandates- Iraq and Palestine
Install local leaders in part of Palestine (Jordan) and Iraq.
Maintain control in Palestine.
In other places, nationalism led to the rise of
Bar Graph • Line Graph
• Pie Chart
Inference:
thinking
about the logical
consequences of
I
NTERWAR YEARS- The Roaring
20s
•
Many countries are devastated following World
War I. The U.S. emerges as a
world leader.
•
Many Americans got very rich on the
stock
market.
•
Some people even borrowed money just to invest
1) When people buy “stock” in
Coca-Cola
,
they are buying a percentage of the company.
2) The more people
buy
Coca-Cola
, the more
value (
$$$
)
Coca-Cola
has.
3) The more people sell their
Coca-Cola
stock
back to the company, the less value (
$$$
)
Coca-Cola
has.
Fall of 1929
• Consumer spending slowed, sales suffered. • Many feared drop in stock prices.
• Nervous investors began to sell off stocks.
October 29, 1929
• Black Tuesday, 16 million shares of stock sold in one
single day.
• Few people wanted to buy stock, stock prices collapsed. • Investors who had borrowed to buy stocks forced to sell
Disruption in world trade
Wall Street Crash, October 1929
Subsequent collapse of American financial
system
Depression was a global breakdown of
economic systems.
Understanding
Understanding
the
Depression
Depression
Globally
Great Great Crash Crash Investors Businesses and Workers Investors lose millions. Businesses lose profits. Consumer spending drops. Workers are laid off. Businesses cut investment and production Some fail. Banks Businesses and workers cannot repay bank loans. Savings accounts are wiped out. Bank runs occur and banks fail. Banks run out of money.. World Payments Overall U.S. production plummets. U.S. investors have little or no money to
invest. U.S. investments in Germany decline. German war payments to Allies fall off. Europeans
cannot afford American
goods. Allies cannot pay
debts to United States.
Common Patterns of economic crisis
.
Understanding
Understanding
the
Depression
Depression
Globally
Common patterns of economic crisis:
Increased unemployment Decreased trade
Cutbacks in production and consumption Widespread deprivation/frustration
Radical political agitation
Use the information and the space on the notes
page to figure out the unemployment
percentages per country during the Great Depression.
Understanding
Understanding
the
Depression
Depression
Globally
Understanding
Understanding
the
Depression
Depression
Globally
• A Slow Down in Trade
• President Hoover signed the Smoot-Hawley Tariff Act. (1930)
• Act placed heavy taxes on imported goods. (Tariff)
• Purpose of the act was to attempt to encourage Americans to buy American made goods and products.
• An Unintended Effect
• Smoot-Hawley Tariff resulted in other countries increasing their tariffs on American goods.
• World trade slowed to a standstill.
• Loss of foreign trade crippled many nations’ economies.
• Trade slowed and prices collapsed.
Economy was weakened by:
World War I.
Persistent economic problems in 1920s.
Shipping and banking weakened by collapse in
world trade.
Political instability.
Government responds by:
Protecting industries. (decreased trade) Resisted calls for spending on services.
Political Impact:
Economy was weakened by:
World War I.
Persistent economic problems in 1920s.
Shipping and banking weakened by collapse in world
trade.
Bank failures.
Industries on the brink of failure.
Italian government responds by:
Benito Mussolini seizes power in 1922. Mussolini tightens control on his nation. Attempts to modernize agriculture.
Fascism – extreme form of Nationalism, denial of
individual rights, and dictatorial one-party rule.
Economy was weakened by:
World War I
Post-WWI settlement. (Treaty of Versailles)
Inflation of the 1920s.
Extensive borrowing by central bank.
Political instability of Weimar government.
German government responds by:
Cutting public services.
Use of emergency powers to maintain order.
Political Impact:
Political Impact:
Germany
Economy GROWS:
Joseph Stalin implements his Five
Year Plan’s.
A massive infrastructure overhaul
stimulated the Soviet economy.
Joseph Stalin used slave labor and
had appalling working conditions to complete his massive undertakings.
Let’s Think!
1) How did the depression affect the world?
2) Why would the conditions created by the depression
be dangerous?
3) Apply the following lyrics to the global environment in
the 1930’s:
I see a bad moon arising; I see trouble on the way.
I see earthquakes and lighting; I see bad times today.
Don’t go around tonight, its bound to take your life,
Industrial
Production--USA
United States
