Machine Translated by Google
History
Seventh grade
THE INTER-WAR WORLD: A CHANGING WORLD
Economic crises
- economic crisis = the state of decline or stagnation, of malfunctioning of an economy;
- the causes of economic crises can be multiple, one of the most important being the imbalance between production
and consumption;
- economic crises are manifested by a sudden fall in finances, a decrease in industrial production,
accompanied by the bankruptcy of enterprises, increased unemployment, and a decrease in wages
And so on
ÿ The economic crisis after World War I (1918 – 1924)
- The USA and Japan were the main "beneficiaries" of the war, Europe was the most affected;
- the industry was facing great difficulties: destroyed factories and plants, production in the process of transitioning
from war production to peace production, high unemployment, large debts; -
agriculture ruined by the war was struggling to cope with competition from similar products from the United States,
Canada and Argentina;
- transportation and telecommunications were also affected by the destruction during the war;
- the most serious economic consequence was monetary instability, all currencies
European currencies being devalued against the US dollar;
- the economic crisis led to increased social tensions (strikes and demonstrations),
favored by the development of the trade union movement and the spread of communist ideas;
-as a result of these tensions and social movements, authoritarian regimes were established in some
countries .
ÿ The Great Depression (1929 – 1933)
- it was the longest and most severe economic crisis that industrialized Western society has ever experienced,
affecting the entire world, except for the USSR, which had not integrated into the global financial and commercial
circuit and which had a different type of economy: the command economy, planned;
- the main cause of the crisis was the collapse of the Wall Street Stock Exchange. -sa
manifested by: the collapse of industrial production (automobiles, rubber), the ruin of agriculture,
the decline in wages, the bankruptcy of banks, unemployment, the increase in prices;
-the big losers of the crisis were important segments of the middle classes, who lost their income and social status,
industrial workers who became unemployed, farmers who lost their agricultural land and means of work, but also
industrialists and bankers, such as JP Morgan, Rockefeller, Vanderbilt;
-in some countries, the crisis lasted until 1935 or even 1939, with the beginning of World War II, to whose outbreak
it contributed.
ÿ Solutions to overcome the crisis
- US President Franklin Roosevelt proposed the solution to overcome the crisis - the "New
History
Seventh grade
THE INTER-WAR WORLD: A CHANGING WORLD
Economic crises
- economic crisis = the state of decline or stagnation, of malfunctioning of an economy;
- the causes of economic crises can be multiple, one of the most important being the imbalance between production
and consumption;
- economic crises are manifested by a sudden fall in finances, a decrease in industrial production,
accompanied by the bankruptcy of enterprises, increased unemployment, and a decrease in wages
And so on
ÿ The economic crisis after World War I (1918 – 1924)
- The USA and Japan were the main "beneficiaries" of the war, Europe was the most affected;
- the industry was facing great difficulties: destroyed factories and plants, production in the process of transitioning
from war production to peace production, high unemployment, large debts; -
agriculture ruined by the war was struggling to cope with competition from similar products from the United States,
Canada and Argentina;
- transportation and telecommunications were also affected by the destruction during the war;
- the most serious economic consequence was monetary instability, all currencies
European currencies being devalued against the US dollar;
- the economic crisis led to increased social tensions (strikes and demonstrations),
favored by the development of the trade union movement and the spread of communist ideas;
-as a result of these tensions and social movements, authoritarian regimes were established in some
countries .
ÿ The Great Depression (1929 – 1933)
- it was the longest and most severe economic crisis that industrialized Western society has ever experienced,
affecting the entire world, except for the USSR, which had not integrated into the global financial and commercial
circuit and which had a different type of economy: the command economy, planned;
- the main cause of the crisis was the collapse of the Wall Street Stock Exchange. -sa
manifested by: the collapse of industrial production (automobiles, rubber), the ruin of agriculture,
the decline in wages, the bankruptcy of banks, unemployment, the increase in prices;
-the big losers of the crisis were important segments of the middle classes, who lost their income and social status,
industrial workers who became unemployed, farmers who lost their agricultural land and means of work, but also
industrialists and bankers, such as JP Morgan, Rockefeller, Vanderbilt;
-in some countries, the crisis lasted until 1935 or even 1939, with the beginning of World War II, to whose outbreak
it contributed.
ÿ Solutions to overcome the crisis
- US President Franklin Roosevelt proposed the solution to overcome the crisis - the "New
