HIST 2057 Lecture : History Notes Paper3
Document Summary
Isolationism-us citizens in favor of focusing on domestic affairs and staying out of international affairs. During great depression the us raises tariffs which limits imports and hurts other. Germany is in financial turmoil and the billions of dollars owed by germany and other countries were defaulted. Finland is the only county to actually pay back the united states money borrowed before the war. Johnson debt default act(1934)- american businesses and banks can not lend money to countries that have previously defaulted on debts owed to the us. Disarmament-fewer arms around the world leads to fewer wars around the world. Washington armaments conference(1921)- 9 major world powers meet in. Divided up world"s oceans into domains of the largest navies-this way the navy must only be large enough to cover domain-limits size of navy.
