Download After WWI

The League of Nations is WEAK
 Germany is mad about the war guilt
clause and is BROKE from paying
reparations (money owed to all “winning
countries” for the cost of the war)

› To pay reparations, Germany just printed
money, which caused INFLATION
 1 loaf of bread cost 3 billion marks

Economic Depression: Low economic
activity and High levels of
unemployment
› This occurred throughout the WORLD
› This cause people to become desperate for
a leader who could bring wealth back to
their countries
Germany: Extremists get voted into
power (HITLER)
 France: formed workers unions and
collective bargaining- gave unions the
right to negotiate with employers
 Great Britain: John Maynard Keynes
proposed deficit spending- government
builds to hire the unemployed, the
unemployed will spend their $ and all
industries will get more money


The US: Franklin Delano Roosevelt
proposed The New Deal which included
bank reforms, union reforms, social
security, unemployment, welfare, etc