Exam 3 Study Guide

Exam 3 Study Guide - 1918 A Vengeful Peace Versailles Treaty(1919 negotiated only by"winners France Great Britain U.S Italy Punishing Germany is

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1918: A Vengeful Peace -  Versailles Treaty (1919) negotiated only by “winners” -  France, Great Britain, U.S., Italy -  Punishing Germany is the primary focus -  Article 231 (“war guilt clause”) -  Demilitarize Germany -  Reparations = ½ Germany GNP -  Versailles Treaty no “teeth” -  How/Who will enforce? -  League of Nations (Wilson)?     -  U.S. Never Joins Stages of Economic Crisis 1)  Enthusiastic post-war spending: -  housing, automobiles, durable goods (appliances) 2)  Widespread investment in stock market 3)  Over-production of durable goods -  glut of goods sitting in warehouses 4)  Worker lay-offs because no need -  NO INCOME -  retail market takes major hit 5)  Sell stocks to recoup $$$ 6)  Total value of stock market plummets The Crash of Oct./Nov. 1929 -  The Great Depression -  Total Value of U.S. Market:     -  $87 Billion   $30 Billion -  15 Million U.S. workers unemployed -  5,000 U.S. banks collapse -  Bread lines, soup lines, etc. A Global Economic Crisis: Reparations to France and Great Britain í ë
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War Debt  Germany                                      to U.S. î ì U.S. loans to pay reparations (Dawes Plan, 1924) -  U.S. calls in foreign debt to stabilize economy=CRISIS -  6 million German workers unemployed (1/2 German work force) -  France:  1 million workers lose jobs -  Great Britain:  1/3 of all workers lose jobs Why Facism? 1)  Operates in Crisis situation: promises quick solutions 2)  Nationalistic & State-Centric -  “the nation above all else” -  States acts as supervisory force to reorganize society (private+public) 3)  Emphasize Role of Leader (Hitler, Moussolini) 4)  Support for Military as Stabilizing Force 5)  Anti-Communist: no class struggle (divisive) 6)  Family stability=National stability -  ideal  of domesticity/”separate spheres” (reduces male unemployment) 7)  Propaganda as important tool of the state 8)  Elitist + Exclusionary -  believe in “destiny” of superior group (Aryan race, Social Darwinism) Why Hitler? -  Used world financial crisis to show ineptitude of republican institutions of  Weimar Republic -   Restore Dignity of Nation : -  articulated deep anger about Article 231 of Versailles Treaty -  Nationalist + Populist : -  “The German People” (not class terms) -  New  German Man and Woman can arise -  Anti-Semitism : -  blame Jews for financial crisis due to association with banking -  claim Jews represent worst aspects of capitalist system National Socialist German Workers’ Party (NSDAP)
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-  NOT a Socialist + NOT a Marxist -  NOT calling for class-based politics -  name appeals to dispossessed/powerless
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This note was uploaded on 04/28/2008 for the course HIST 1020 taught by Professor Gorshkov during the Spring '08 term at Auburn University.

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Exam 3 Study Guide - 1918 A Vengeful Peace Versailles Treaty(1919 negotiated only by"winners France Great Britain U.S Italy Punishing Germany is

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