A Countries in the post war 1 America 1 Economy 2 Europe A Couldn t absorb all the capital 1 Willing to take loans from America A A lot of American capital was exported to Germany and rest of Europe a Rebuilding and helping people B Economic downturn in Germany 1923 a Economy reduced to nothing Had to barter for everything Economic under pinning were weak b Economic viability creates wealth c Gold only had intrinsic value But began to disappear and replaced by money during and after WWI Money isn t worth anything unless people have confidence in it Treasuries became depleted d Economy became volatile You back money with gold or confidence C Rebuild economy a Germany was lucky to have an economist named Schacht Through American banks Then restructuring of money itself New money was issued Was a treasury official Came up with the idea of brokering an agreement with the US for loans The US played along We had the money to do so Idea was to deflate the currency Real measure of value is its purchasing power Stock markets began to stabilize for a few years b What good was it for the US A market for our goods They are supposed to pay our loans back US and allies wanted democracy to work in Germany Also as a preemptive for maybe not starting war c Germans had a reputation for hard work d Germany eventually survived i ii i ii i i ii iii iv i ii iii 2 France A Politics a Multiple party system b People had no faith in the 3rd Republic B Economy a Least modern economy Not much industry b Exhausted the economy paying for the war Redoubled efforts to squeeze reparations from Germany Didn t help animosity from recovering c Worried about security League was supposed to guarantee safety But France didn t have confidence in it C Alliances a 1921 signed a treaty with Poland b 1924 signed a mutual defense pact with Czechoslovakia It could threaten Germany in the east Germans didn t like it It was in the SE of Germany Wasn t a first strike agreement Germans didn t like it either c 1926 signed a treaty with Romania d 1927 with Yugoslavia e All alliances had a deterrent value Briand foreign minister Always working to guarantee French security vs Germans Put these alliance systems to work D Security a France still felt unsecure from Germany Germany was still powerful b Maginot i i i i i i i i ii Former general who became defense minister Maginot line Miles of guns to secure the border France had to do it themselves because they believed the Allies let them down First construction began in 1929 Ended at the Belgium border because you don t build borders against friends c Charles de Gaul
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