Lecture6Culture

Lecture6Culture - Lecture Six: Illiberal Culture I. The...

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Unformatted text preview: Lecture Six: Illiberal Culture I. The Failures of Liberalism Hostilities continue Nationalism subverts democracy Diplomatic system fails Treaties too harsh, too lenient GB, US unwilling to enforce treaties Shaky economic foundations II. The Economic Consequences of the Peace External shocks “Lost Generation” Demobilization Spanish Flu 1918/19 (20-40 mln fatalities) Internal shocks Inflation: all European states Hyperinflation: Germany Employment Inflation = Hyperinflation: inflation of over 50%/month Y ear E xch an ge R ate w ith D o llar in B erlin S to ckm arket in d ex C o n su m er P rice In d ex Jan. 1919 1 .4 9 0 .9 7--- Ju l. 1919 3 .5 9 1 .0 0--- Jan. 1920 1 5 .43 1 .6 6--- Ju l. 1920 9 .4 0 1 .8 7 1 0 .65 Jan. 1921 1 5 .46 2 .7 8 1 1 .79 Ju l. 1921 1 8 .26 3 .3 7 1 2 .50 Jan. 1922 4 5 .69 7 .4 3 2 0 .41 Ju l. 1922 1 1 7 .4 9 8 .9 7 5 3 .92 D ez. 1922 1 8 07 .8 3 8 8 .81 6 8 5 .0 6 Jan....
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This note was uploaded on 04/17/2008 for the course HI 232 taught by Professor Zatlin during the Spring '08 term at BU.

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Lecture6Culture - Lecture Six: Illiberal Culture I. The...

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