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This lecture examines the implications of the Bolshevik Revolution for the international system, highlighting the emergence of a new regime type and a societal division based on class rather than nationality. It explores the interwar years characterized by the Roaring Twenties and the Great Depression, the speculative bubble, the gold standard, and the ramifications of competitive tariffs, particularly the Smoot-Hawley Act. The political landscape features varied responses, including social democracy, communism, fascism, and extreme nationalism. The lecture also answers the question of which nations maintained democratic governance during 1919-1945.
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Lecture 6:The Lead-up to War April 9, 2010
http://digital.lib.washington.edu/ojs/index.php/jsis aparc@uw.edu
Implications of Bolshevik Revolution for the International System • New and unique type of regime • New division in the world: class, not nation • New kid on the block: the USSR
The Roaring Twenties Great Depression • Speculative bubble burst • Gold standard • Competitive tariffs (Smoot-Hawley) • Panics and bank runs
The Roaring Twenties Great Depression • Speculative bubble burst • Gold standard • Competitive tariffs (Smoot-Hawley) • Panics and bank runs • Policy errors: “wait and see”; balanced budget
FDR’s First Inaugural, 1933 This is preeminently the time to speak the truth, the whole truth, frankly and boldly. Nor need we shrink from honestly facing conditions in our country today. This great Nation will endure as it has endured, will revive and will prosper. So, first of all, let me assert my firm belief that the only thing we have to fear is fear itself—nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.
Political responses • Social democracy (New Deal, etc.) • Communism • Fascism • Government-business alliance • Extreme nationalism/racism • Collectivism • Militarism
Who remained democratic 1919-1945? • In Europe: Britain, Finland, Ireland, Sweden, and Switzerland • In the Americas: US, Canada, Columbia, Costa Rica, and Uruguay