1. Post WWI 

2. Germany (DE) After FR takes the Ruhr Valley, DE workers go on strike
To satisfy workers DE prints more and more and more and more $$$ to pay higher salaries
This causes such rapid inflation that the DE Mark (money) becomes useless
40% unemployment
New Weimar Republic was ineffective at stopping problems, path was set for extreme parties to rise

3. German Mark 1914: 4.2 Marks = 1 Dollar Nov 1923: 130 Billion Marks
Nov 30th 1923: 4.2 Trillion Marks

4. U*S*A Refuses to join League of Nations
Offers DE a loan (Dawes Plan), stops lending after the Crash
Black Tuesday, Stock Market crashes and US goes into Great Depression
1932 FDR is elected President & promises a “New Deal”
He offers programs to get country back on track, some work but some don’t
US remains in a slump until WWII

5. FR Economy fails because DE cannot pay war debt
The Popular Front (collection of socialists and communists) gain power
They fail by 1938
FR is in real trouble at home by the start of WWII

6. GB Economy declines because they lose industry to US and JP
2 million are left unemployed after WWI
Conservatives used trad. policies and ltd gov’t spending to end the Depression in GB

11. HOOVERVILLES