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  • 13.1-2 Recap WH

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    Famine and economic turmoil followed WWI as food surpluses led to inflation and an inability to afford necessities. Germany was burdened by war reparations that exacerbated global tensions and contributed to the Great Depression. Post-war, modernism and new technologies spread ideas and changed women's roles, while literature explored disillusionment. The economic boom ended as farmers overproduced and went bankrupt, banks foreclosed on loans, and the stock market crashed in 1929, plunging the US into the Great Depression and isolationism.

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    Famine and economic turmoil followed WWI as food surpluses led to inflation and an inability to afford necessities. Germany was burdened by war reparations that exacerbated global tensions and contributed to the Great Depression. Post-war, modernism and new technologies spread ideas and changed women's roles, while literature explored disillusionment. The economic boom ended as farmers overproduced and went bankrupt, banks foreclosed on loans, and the stock market crashed in 1929, plunging the US into the Great Depression and isolationism.

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    5 views2 pages

    13.1-2 Recap WH

    Uploaded by

    gabriella
    Famine and economic turmoil followed WWI as food surpluses led to inflation and an inability to afford necessities. Germany was burdened by war reparations that exacerbated global tensions and contributed to the Great Depression. Post-war, modernism and new technologies spread ideas and changed women's roles, while literature explored disillusionment. The economic boom ended as farmers overproduced and went bankrupt, banks foreclosed on loans, and the stock market crashed in 1929, plunging the US into the Great Depression and isolationism.

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    © All Rights Reserved
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    of 2

    03/20/2023

    13.1-2 recap

    Effects of WWI:

    Famine: Food surplus after WWI + People buying it all- people can’t afford, others need it
    Lt- WWII: War guily clause (reparations) caused global tension
    Lt-Global Depression: Negative impact of war- social complications; economy, depression
    Inflation: Reparations (Germany printes more $$$- hyperinflation)
    Modernism: Political/economy, modernizing to be stronger nations – new technologies were
    developed before WWI- now applied to everyday life
    Spread of political propoganda: New tech spread, political ideas
    New tech: Radio, TV, Cars
    Lt-Women's roles change: Women gained jobs during war (and still held family role) ; Men
    return from war and there is tension between men and women abour roles; womens suffrage
    (vote)- 19th ammendment
    Lt- Literature: Lost generation
    Lt- Philosophy: Nihilism (Friedtick N)
    Lt-Physcology: Freud (irrationality of human mind)

    Post WW1 + Global Depression (Economic):

    *Citizens + people = relieved + returning to “normal” + celebrating end of war


    ● Leisure activities =rising
    ● Womens rights =increasing
    *Agriculturally… there are BIG problems swiftly developing
    1. Surplus crops - HURTS PROFITS
    2. People buying on credit (incurring debt)
    3. Soldiers return without jobs + no income

    ● Farmers- selling all of their produce (losing money)


    ● Farmers- pay property taxes or rent if land is borrowed
    ● Farmers- taking loans from banks and private lenders
    ● Still - selling enough + farms are being foreclosed.
    Banks take property the property + farmer + unemployed + w/o home or land, etc…
    *STOCK MARKET CRASH (1929)
    In the USA
    ● Banks + citizens are buying stocks “on the margain”
    -stocks=strong + doing well so people sell!
    -then the mkt. crashed
    *U.S.A then enters ISOLATIONIST POLICY - U.S.A puts Tariffs on initial goods ; ended all
    foregein aid

    Tariffs- Taxes on foregin goods/imports


    Taxes increased
    Lowered interest rate - amount of money you have to pay back from a loan (helps people take
    out loans with less financial rates)

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