HIST 215 Chapter Notes -John Maynard Keynes, Fireside Chats, Hoover Moratorium
28 Apr 2013
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Economies in crisis: global depression had pol. consequences, undermined parl. rule, scapegoats, int"l coop. harder as more suspicion and blaming, massive, unjust reparations. Ger. then borrows money from us to pay allies. Us soon follows (chamberlain is chancellor of exchequer) higher tariffs further reduction of consumer spending: br. Mp mosley flirts with fascism, but fascism failed to take hold in br: fr. prices gradually fell and unemployment rose, exports declined franc overvalued so fr. goods too expensive abroad ignore demands for active intervention in eco. stimulation. Ger. eco. recovered b/c of planning for next war under hitler (rearmament) Lausanne conference 1932 declares end of reparations payments only true recovery though with entry in wwii. Fascist movements: anti-parl. , anti-communism, anti-semitism give fascism int"l character, hitler + muss. help spanish civil war nationalist rebellion but dictator salazar doesn"t want to expand further. The dynamics of fascism: rise of extreme right, ger.
