Would break out cii economicpolitical turmoil

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would break out. c.ii. Economic/Political Turmoil; Disillusionment with the West c.ii.1. Europeans committing atrocities against one another. How can they claim to be superior when they are killing each other? c.ii.2.Undermines the authority of traditional leaders that brought the nations to the brink of war. c.ii.3. Peace settlements lead to the Great Depression. Linked to reparations and war debts. 11/14/2013: An Age of Anxiety : I. Postwar Pessimism a. The Great Depression a.i. Emerged in 1929. a.ii. Linked to the disastrous cycle of reparations. France and Britain demanding money from Germany, Germany borrows money from the US, France and Britain need money to pay off war debts to the Americans who made the weapons for the war. 10 years after the war, the US demands payment of reparations and war debts. b. Improvements in Industrialization; Agricultural Overproduction
18 b.i. Supply up, decline in the price of commodities. Declining prices do not help the economy. c. Stock Speculation Black Thursday: Oct. 24, 1929 c.i. Buying stock on margin from 3% down. c.ii. Market crashes, people lose entire fortunes, investments, and livelihood. 11 people commit suicide. d. Mass Unemployment (30 Million people globally) e. Decline in trade, high protective tariffs e.i. 66% decline in world trade. e.ii. Hinders global economy by decreasing trade. Stymie economic growth. f. Economic Experimentation f.i. John Maynard Keynes: Active Government Role f.ii. Franklin Delano Roosevelt: New Deal f.ii.1.Challenges the traditional ideas of economics. f.ii.2.Embraces Keynesian Economics: Active government role in stimulating economic progress. f.ii.3.Authorizes the building of national infrastructure. f.ii.4.Creation of the national park service. II. Challenges to the Liberal Order a. Communism in Russia a.i. Government directed industries and state owned land. a.ii. Liberal alternative to the absolute monarchy of Tsar Nicolas II a.iii. Civil War (1917-1921): Whites (Tsars) vs. Reds (Communists)
Kim 19 a.iii.1. Result in the death of over two million people. b. Joseph Stalin (1878-1952) “Man of Steel” b.i. Associated with “Five Year Plans”: Industrialization/Collectivization b.i.1. Political and economic program of recovery. b.i.2. Collectivization of land, land will come under government ownership. Only the most productive peasants will be able to continue to farm. b.i.3. Other peasants go to the factories. Industrialize by using the peasants as labor in the factories/industrial centers. b.ii. The Great Purge (8 Million Peasants) b.ii.1. Peasants rounded up and sent to labor camps in Siberia, never heard of again. c. The Fascist Alternative c.i. Fascism- strong state/leaders, nationalistic, xenophobic (don’t like foreigners), ethnocentric, do not like political parties and free press. c.ii. Benito Mussolini: ll Duce (“the leader”) c.ii.1. Leader of the Italian Fascist Party. Rises to power as a radical solution to the upheaval and disarray caused by WWI and the Great Depression.

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