POLI SCI 140 Lecture Notes - Lecture 3: Presbyterian Polity, Marshall Plan, International Monetary Fund
31 Jan 2018
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Document Summary
World war 2: causes, cost, consequences. Half of the male pop. of france of draft able age dead: a whole generation dead. U. s became central banker for the world. U. s. was handing out all sorts of loans. War expenditures was a total of 86 billion in 1919 which is 2. 6 trillion today. Between 1917-1919 u. s loaned 10 billion dollars. When money was paid back u. s. loaned it out to germany. Map changes and all empires are broken. League of nations: failure on japan (manchuria): 1933, japan evades and is not stopped by lon, failure on italy (ethiopia): 1935. U. s. is not a member of lon. World economic depression: the debt problem, eu thought they would force germany to pay it all, competitive devaluations. Inflation: more money than there is stuff to buy. Munich analogy: if an aggressor is appeased they will just take more. 9/1/1939: germany invades poland in what is called the winter war.
