Inter-War Economic Period and the Great Depression
Classified in Geography
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The Inter-War Economic Period and Crisis
The inter-war period was characterized by a clash between countries promoting private initiative, countries where dictatorships triumphed, and countries where the proletariat and fascism were emerging.
Economic Stages (1920-1928)
Between 1920 and 1928, there were three distinct economic stages:
- Economic Boom: Due to the conversion of war industries and reconstruction.
- Stabilization: The United States provided credits to European countries for reconstruction.
- Expansion: New industries and production methods emerged.
Factors Leading to the 1929 Crash
Towards the end of the 1920s, a series of factors led to the crash:
- War Debts: Physical destruction caused by wars was recovered through credits, leading to debt.
- Shift