INTST101 Lecture Notes - Lecture 3: Corporatism, Appeasement, Authoritarianism
2 Dec 2016
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Period between ww1 and ww2 had political distress, radicalism, economic distress. They lost faith in politics, and politics. Germany thought it would be a fair treaty when they surrendered. Treaty of versaille said germany was the reason for economic downfall. View that territories are yours need to be brought back (irredentist) Germans blamed new politicians for the horrible peace treaty. Germany lost 13% of its territory france invaded a little bit, belgium got a little bit. Germany needed to pay reperations, they couldn"t do a lot, so they printed a lot money and that resulted in hyperinflation. France never wanted germany to rise again. Treaty restricted a lot of its military, only 100,000 men, limited submarines, limited aircraft. Stock prices went crazy low, countries rose tariffs barriers, lots of ppl lost jobs. New york stock prices rose very quickly up till 1929 the prices then collaped rapidly. Us business failure rate was around 1%
