HIST 1378 TTh 2:30-4 PM Lecture 11 Outline of Last Lecture The Great War and Aftermath- The Continuing Crisis in Europe: The Versailles Conferenceo Bolshevismo Germany: Reparations or Reintegration - Setting the Stage for WWIIo The Fight for the League of Nations, Abroad and at HomeDisillusionment and The Red Scare- Questions and Lamentations- Reds- Containing LaborThe 1920s: Culture, Capitalism, and Crash!- The New Corporate State- Herbert Hoover and Trade Associations- Consumer Culture/ Loans and Advertisingo Buying Fun and Economic GrowthOutline of Current Lecture The 1920s: Culture, Capitalism, and Crash! (cont)- Depression- Attempted solution: Dawes PlanCurrent LectureThe 1920s: Culture, Capitalism, and Crash!I. The New Corporate State - US ends WWI as creditor nationThese notes represent a detailed interpretation of the professor’s lecture. GradeBuddy is best used as a supplement to your own notes, not as a substitute.II. Herbert Hoover and Trade Associations - group of companies who are involved in a business make policies for a particular industryIII. Consumer Culture/ Loans and Advertisinga. Technology changed much of US life, meaning economy is growingb. Advertising changes US social views and beliefsc. Buying Fun and Economic GrowthIV. Depressiona. Period of great unemploymentb. Dust Bowli. Environmental crisisii. Due to poor agricultural habitsc. Causes:i. Surplus capital1. Overproduction, led to lack of demandii. Foreign economic crisesiii. Stock marketiv. Lack of economic diversityv. Poverty vi. Credit crunchV. Attempted solution: Dawes Plana. Called “The International Debt Triangle”b. Takes money, sends to Germany so that their economy can get back on their feet,but then money was sent to Britain and France so that Germany could pay off their reparationsc. Britain and France sent money back to the US as loans paid off…d. Money just went back to where it came from… didn’t make anything.e. Trade drops, from $3 b in 1929, to $900 m in 1933 and currencies are
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