HIS 2342 Lecture Notes - Lecture 5: Industrial Revolution
31 Jan 2018
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Document Summary
How the world moves from the industrial revolution to the depression. Actors are connected to each others in networks. No large scale migrations of labour from one region to another. Had to do with internal political and economic issues in the states. National debt = 10x before the war in the 1920s. Before the war = global economic power house. Wanted global domination - is what got them into the war. Place in global trade networks had suffered from the war. Means that the plentiful jobs from pre-war, were in danger. Soldiers had thought that they would be rewarded. Those who could not buy things during the war, start to buy them. Consumer boom quickly collapses and slides into what = the depression in the. Most = a slow decline in the 1920. Unemployment not inflation was the biggest concern. The state was investing 1130 into rebuilding the infrastructure. East (agriculture) north (mining) were destroyed by the war.
