HIST 102 Lecture Notes - Lecture 20: Militarism, International Trade, Authoritarianism
Document Summary
International trade fell 30 percent: worldwide economic collapse, protectionist tariffs on imported goods, by 1932, unemployment over 30 million, price of coffee, cotton, rubber, tin, etc. and dropped 40 percent. Industrialized countries cut back sharply on raw materials and other commodities. Stock market crash: by 1932, stocks were worth only about 20 percent of their value in the summer of 1929, by 1933, (cid:374)early half of a(cid:373)eri(cid:272)a"s (cid:271)a(cid:374)ks had failed, and unemployment was approaching. 15 million people, or 30 percent of the workforce: great depression became global. Tariff: hawley-soot tariff, higher protective tariff in u. s. history, designed to protect american farmers and manufactures from foreign competition, unemployment worse in industries that could no longer export goods europe. Global responses: military dictatorships, argentine, central america, fascism and militarism. Italy, germany, japan: communism, soviet union, welfare capitalism, united states, great britain, canada, france, australia. Arge(cid:374)ti(cid:374)a"s respo(cid:374)se: labor minister, juan peron emerged as the leader of a military-style government in.
