SS Q3 Flashcards
it is a temporary government that manages a transition period; usually appointed and often arises after a civil war
provisional government
It aimed to transition Russia to a democratic system.
it is where political parties share power in the executive branch; happens when no single party has absolute majority after an election
Coalition Government of Germany
multiple parties work together to lead a country
1 leader but they do not have complete power
GERMANY AFTER WW1:
It was a new democratic government that was weak since Germany did not have a strong democratic tradition. It was blamed for the country’s defeat and post war humiliation.
Weimer Republic (1919)
During this time, Germany faced many economic challenges. The Weimer Republic struggled to establish stability.
GERMANY AFTER WW1:
Because of inflation, Germany printed money to cover the expenses of the war.
Inflation Crisis in Germany
As more money was printed, Marks lost its value.
GERMANY AFTER WW1:
it provided a 200 million dollar loan from the American Banks.
The Dawes Plan (by Charles Dawes)
It regained Germany’s economic stability. By 1929, German factories were producing as much as they would before the war.
GERMANY AFTER WW1”
it was a series of pacts among countries like Germany, France, Italy, Belgium, and Britain to promise to never make war again.
Pact of Locarno
UNITED STATES AFTER WW1:
The richest 5% received 33% of all the income. 60% of families earned 2000 dollars per year.
Uneven distribution of wealth.
UNITED STATES AFTER WW1:
As American farmers faced competition from farmers from other countries like Australia, Latin America, and Europe, there was a SURPLUS of agricultural products which drove prices and profits down
Overproduction by Business
UNITED STATES AFTER WW1:
More workers lost their jobs, people bought fewer goods
Less product purchase
a cycle until the economy collapses
it was a worldwide economic downturn; the longest, most severe depression experienced by the Western world.
The Great Depression (1929 - 1939)
- 1931 - factory production was cut in half
- banks closed
- businesses failed
- 9 million people lost their life savings
- 1933 - 1/4 of farmers lost their job
These were the effects of the great depression
- drastic declines in output
- unemployment
- acute deflation in other countries
The Global Depression
- american banks demanded their payment for the loans back
- american investors withdrew money from europe
- US Congress placed higher tariffs on imported goods
- unemployment soared
The effects of the global depression
- austria’s largest bank failed
- exports dropped by half
- latin products dropped, prices collapsed
Strategies of Britain to overcome the depression
The National Government
- multiparty coalition
- passed protective tariffs
- increased tax
- lowered interest rates
Britain avoided political extremes and preserved democracy
Strategies of France to overcome the depression
The Popular Front
- moderates, socialists, and communists formed a coalition
- passed reforms to help workers but prices were still to high
- unemployment remained high
- preserved democracy
- did not print money (regulated currency)
