Results of WWI:

Results of WWI:

Economic Depression & the Rise of

Results of WWI: FASCISM(Its supposed to be scary)The End of WWIThe War of AttritionWhen the US joins the Allies the war shifts Germany surrenders on November 11, 1918. Horrible losses on both sides, Europe is destroyed. Treaty of VersaillesOfficially ends the war in 1919. Blames everything on GermanyThey have to pay HUGE reparations, give up territory, and downsize their army= Humiliated. Aftermath:The Kaiser in Germany abdicates Weimar Republic. Austria Hungary is broken up No More Hapsburgs :(Ottoman Empire is broken up too.+ Dont Forget Russia had a revolution too! Wilsons 14 Points= League of Nations

World Wide DepressionFree Flow of Credit= Market Bubble. Overproduction of goods caused a glut on the market. When the U.S. Stock Market crashed in October of 1929, U.S. credit dried up, Europe ran out of money = Everybody hurting. U.S. and Germany worst hit: Economy shrunk by half, almost 1/3 of the pop unemployed. Countries tried to save themselves by imposing tariffsSmoot-Hawley in the US- makes it more expensive (i.e. pointless) to buy foreign goods. Other countries do the same- Global trade drops by 62% (THATS REALLY BAD)

Depression in Non Industrial CountriesIndustrialized countries weathered the depression by forcing colonial peoples to buy only their products.

Non Industrial countries that relied on raw material exports were hit very hard.Ex. Malaya, Indochina & Dutch East Indies produced most of the worlds rubber. When Automobile production (in industrial nations) was cut in half, so was imports of that rubber = devastated economies.

Industrialization of some countries was set back by a decade or more.

Dont Have to Write!The Rise of What is it?Main idea of fascism is to destroy the will of the individual in favor of the people.Wanted a unified society rooted in extreme nationalism. Why Fascism?(scary) Russian Revolution + Economic upheaval + disillusion with modern life = people wanting to return to a mythical past. Radical Politicians learned how to use propaganda to appeal to confused people. Promised to bring back full employment, stop the spread of communism, & get territorial conquests denied to them by WWI. Big Names: Benito Mussolini in Italy & Adolf Hitler in Germany

FASCISM