PSC 1003 Lecture Notes - Lecture 12: Keynesian Economics, Market Power, Stock Market
Document Summary
Introduction to international politics, lecture 12, week 7. Exclusion, punishment of defeated power: war to end all wars, make the world safe for democracy, 14 points, free trade. The contradictions of versailles: no empire, except for france, italy, britain, self-determination, except for germans, equality, except for germany and ussr, assured security, except for france. League of nations: council and assembly, art. Xvi: consult, then act together against aggression: unanimity required. Collective security vs. alliance: alliances- aimed at aggression by specific states against an ally, collective security: aimed at aggression by any state toward any other state. Fo(cid:396) colle(cid:272)ti(cid:448)e e(cid:272)u(cid:396)ity to wo(cid:396)k : no single state more powerful than all others, all major powers accept status quo order, willingness to send forces to defend any state. Italy invades abyssinia, 1935: german expansion in the 1930s. Economic effects of ww1: new states starting from scratch; devastated existing states, huge reparations bill for germany, everybody went off the gold standard.
