HIST 106 Lecture Notes - Lecture 10: Military Alliance, Wirtschaftswunder, Warsaw Pact Invasion Of Czechoslovakia
28 Dec 2017
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Anticipation of a return of great depression. Immense population shifts during and after the war. War stimulates the economy, people believed there would be another depression. Looming threat of political instability, exacerbated by the presence of soviet army in the heart of europe (ex. No formal settlements (like versailles--yalta was more like arrangement) European currencies against us dollar, not gold standard. Us didn"t form european union but encouraged its formation. Grand agreement on tariffs and trade (1947) Idea: stabilize post world war ii monetary systems and pursue the object of removing internal obstacles to stimulate free trade. 1946 election resulted in republican majorities in senate and house, creating challenge to president harry truman, a democrat. Isolationist republicans opposed the un, the world bank, the imf. War in greece btwn communists and anti-communists, marshall plan (aid to europe to rebuild after wwii) Need to save europe from communists (mostly greece and turkey)
