The Great Deprssion essays

The Great Deprssion essays World war I left many European countries devastated. These countries were in debt, and had to be rebuilt. Many battles were fought in France, and left the farms and cities destroyed. After the war France was in debt because they borrowed money from the United States. France began to become unstable and, inflation occurred. On reason France needed so much money, was because they were afraid Germany would attack again, so they used money to rebuild their military. France was not the only country having problems paying of debt. All the major countries involved in the war met in 1925. They passed treaties over debt, and how it would be paid off. This was known as the Lacarno Act. After the war, Great Britain began to have financial problems too. They owed so much money, and American was out dating their factories. Britain was bringing in very little income from their trade. Workers began to go on strike. by 1921, nearly a quarter of Great Britains work force was unemployed.(Miller, Sue 676). People on the labor unions struggled to get jobs for the unemployed. Religious and political factions turned the economy for the worse.(Miller,Sue,2000). Other countries in Europe struggled to keep their government together, and keep their economy running smoothly. European countries went into depression after the war because of money issues. Another reason was the way the economy was handled. Soldiers from the war were coming back home, and did not have any jobs. In any event masses of people were left unemployed. After the war people perspectives changed along with their ideas. Mussolini made his own party of government, called the fascist party. Fascism was like communism, because it depended on dictator rule. The difference is that fascism has a nationalism background. Instead of everyone being equal, classes were to be maintained. Since new governments had to be made for many countries, it brough ...