Another major turning point caused by World War I was the rise of new

Another major turning point caused by world war i was

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Another major turning point caused by World War I was the rise of new ideologies and political leaders. One such leader was Benito Mussolini, who became dictator of Italy. The ideology Mussolini supported is called fascism. Fascism promoted devotion to a strong leader, nationalism, and aggressive expansionism or imperialism. Fascism was opposed to communism, socialism, and democracy. To learn more about fascism, read a brief excerpt written by Mussolini for an Italian encyclopedia.1 The decade after World War I was marked by great prosperity in many places, and during this time the economies of countries around the globe became increasingly interconnected. Loans from the United States had been key to the success of the Allies during the war. After the war, Germany’s payments for damages helped to rebuild the economies of the Allies. This interconnected economy had its strengths and its weaknesses. The world economy started to struggle in the mid-1920s due to an oversupply of agricultural goods and certain raw materials like rubber. The possibility of the economic collapse became imminent. It finally occurred on October 24, 1929, when the United States stock market crashed, spreading economic chaos around the world. An already unhealthy world economy couldn't stand the shock, and by the early 1930s, the world was deep into the Great Depression.
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