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Inter War Years

Inter War Years. Chapter 13. Economic Prosperity. United States – world’s leading economic power WW I helped boost the economy Industry Agriculture Consumer goods Reflected in the Stock Market Money borrowed to buy stocks Value increased. Hidden Problems. Wealth not distributed equally

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Inter War Years

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  1. Inter War Years Chapter 13

  2. Economic Prosperity • United States – world’s leading economic power • WW I helped boost the economy • Industry • Agriculture • Consumer goods • Reflected in the Stock Market • Money borrowed to buy stocks • Value increased

  3. Hidden Problems • Wealth not distributed equally • Credit was too easy to get • Arrangement in which a purchaser borrows money from a bank or lender and pays it back over time

  4. Black Tuesday • Spending had slowed by Fall 1929 • Financial panic grew • people were afraid prices would go down, so they quickly sell • Other join in and the prices fall anyways • October 29, 1929 – worst selling day • Banks who lent money were not able to pay out the savings

  5. Government Responses Under Hoover Limited gov. involvement Smoot-Hawley Tariff Act – placed heavy taxes on imported goods to encourage the buying of U.S. goods. Under FDR New Deal – a series of government programs that created jobs, welfare programs, and regulations to reform and protect the stock market and banks. Believed that deficit spending would help boost the economy

  6. Section 2 Japanese Imperialism

  7. Japan’s Economic Problems Economic Problems Solutions

  8. 1920s • Economic Shift- • Began to industrialize • Fell short of resources • Unemployment rose • Difficulty exporting goods • Social Shift- • Western practices adopted • A society devoted to the state and emperor

  9. Rise of the Military • Couldn’t compete with other world powers • Technologically • Size of army/navy • Building new weapon – soldiers • Extreme patriotism towards emperor and state • Military take over of government (assassinations)

  10. Manchuria • Manchurian Incident • Japan invaded Manchuria for resources • Would help Japan compete with western nations • Renamed Manchukuo • Public support • Japanese afraid of the spread of Communism • Second Sino-Japanese War • Nanjing Massacre (Nanking)

  11. Japanese Diplomacy Withdrew from the League of Nations (1933) No longer limit size of navy Anti-Comintern Pact – Germany and Italy; agree to stop the spread of communism

  12. The Political Spectrum The Political Spectrum

  13. Rise of Dictators • Totalitarian state – a government that aims to control political, social, intellectual, and cultural lives of citizens. • Wanted to conquer the minds and hearts of their subjects • Propaganda • Modern communication

  14. Fascist Beliefs & Policies • Fascism- a political movement that stresses extreme loyalty to the state and its leader. • Support for Fascists comes from aristocrats, industrialists, veterans, and the lower middle class.

  15. Fascism similarities to Communism • Ruled by dictator & one party system • Both denied individual rights • State is supreme • Difference is that Fascists didn’t want a classless society.

  16. Kristallnacht “night of broken glass”, November 9, 1938 Destruction against Jewish synagogues, businesses, and people Barred from all public transportation, buildings, schools, and other public places clean up everything from Kristallnacht Many encouraged to leave the country

  17. Kristallnacht

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