Interwar Period: Crises, Democracies, Totalitarianism
Classified in History
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Wilson's Fourteen Points
- Self-determination
- Isolation of Russia
- Revenge of France, because of the territories of Alsace and Saarland
The Crisis of 1929: Causes
The main causes of the 1929 crisis were:
- Inflation
- Speculation
- Overproduction
Great Depression: Development and Measures
In 1929, the era of prosperity was interrupted by a severe crisis that began with the crash of the New York Stock Exchange. Unable to collect the loans that had been granted, most banks went bankrupt, and those that survived the crisis drastically reduced the financing of firms.
Before long, industrial production declined drastically. Unemployment affected almost all social classes.
National Responses to the Great Depression
- United States: Proposed a shock plan to revive the economy,