HISTORY 1DD3 Lecture Notes - Lecture 12: Reconstruction Finance Corporation, Hideki Tojo, Totalitarianism
22 Oct 2017
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Tremendous inventory met the small demand for goods so shops closed down: farm depression. Farmers had no money to spend: credit, wealthy and middle class cannot buy so little demand for goods, holding companies. Spreads crash from unhealthy companies to healthy ones: attempts by managers to keep companies afloat. Adds to distrust and confusion: bank runs, overwhelms federal reserve. World war ii clouds of war: failure of versailles, germany has minorities in austria, czechoslovakia and poland, soviet union lost land to create poland, latvia, lithuania and estonia (baltic. States: rise of totalitarianism, political instability from verallis, economic instability from crash, japan. Emperor hirohito- factions vie for his favor: hideki tojo- fascist ruler or japan, wants greater east asia co-prosperity sphere, invaded manchuria, 1st aggressive action of wwii. Aid from germany and italy: the republic. Aid from france and ussr: munich conference, hitler invaded czechoslovakia to free sudeten germans, participants: uk, france, germany and italy, appeasement policy.
