Financial Crises and Solutions in European History
Explore the financial crises in European history, their resolution or failed solutions, and the factors contributing to the worldwide economic downfall after WWI. Discover how the United States played a significant role, the impact of the Dawes Plan, and the consequences of investing and banking failures. Delve into Europe's economic challenges post-stock market crash, agricultural issues, and the influential theories of John M. Keynes.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Name several financial crises in European History.
How did these problems get solved? Or Failed Solutions?
How did the worldwide economy fail so quickly after WWI? Financial crisis from the war and peace settlement Production and distribution fell world-wide Most governments refused to run budget deficits
United States Role U.S. sought loans and money owed to them by the Allied countries. Private American capital flowed through Europe during the 1920 s
Dawes Plan Sought to retrieve all war reparations and funnel the money directly to the United States.
Investing Americans speculated, took out loans, and invested in the Stock Market. The Bubble Burst with many not being able to pay back loans. Banks shut down.
Europes Economy No more American capital flowed into Europe after the stock market crash. Hoover announced 1 year of no reparation payments. Lausanne Conference- end reparations
Agriculture Wheat prices plummet High unemployment Eastern Europe hit the hardest
John M. Keynes Pgs. 910-11
John Keynes General Theory of Employment, Interest, and Money. Government should spend more to expand overall demand during economic troubles.
Homework: Read Pages 912-914 Describe the conditions in Great Britain and France during the depression. How did each democracy combat the depression? What events occurred and leaders emerged during this time period?
