HIST 106 Lecture Notes - Lecture 5: Economic Nationalism, John Maynard Keynes, Class Conflict
Document Summary
Global depression: by the middle of the 1920s, most industrialized countries seemed on the way to economic recovery from w. w. I to france and great britain: france and great britain, in turn, depended on reparation payments to pay off loans taken out in the u. s. during w. w. I, when europe"s agricultural output declined significantly, farmers in the u. s. , Asia: hardest hit were countries that depended on a few primary products such as coffee, sugar, minerals, ores, and rubber, u. s. investors tried to raise money by calling in loans and liquidating investments and wall. Economic despair: by 1933 unemployment in the industrialized world had reached thirty million. Internal policy: by 1939, the soviet union ranked third among the world"s industrial powers behind only the. United states and germany: literacy among people older than school age rose from below 50% in 1926 to more than 80% in.
