World War I took place between 1914 and 1918. Although the conflict began in Europe, it ultimately involved countries as far away as the United States and Japan.
After World War II, both West Germany and East Germany were obliged to pay war reparations to the Allied governments, according to the Potsdam Conference. Other Axis nations were obliged to pay war reparations according to the Paris Peace Treaties of 1947.
The terrible, terrible conditions which occurred in the United States and the rest of the world in the 1930's are known as the Great Depression. This depression was not only an economic catastrophe, it was social and political catastrophes as well. Its origins then were a mystery and even now among the general public are not clear. This document is an attempt to tell the story of the Depression and its origins in terms of statistics in the form of graphs and tables.
During the Great Depression, there was overproduction of goods from the factories. Due to the stock market crashing, people began to cut back on what they were buying to save their money. Soon after this, the factories starting exporting less. However, there was still too much product out for the people to losing money because no one would buy the products.
The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.
During the 20s, there was an average of 70 banks failing each year nationally. After the crash during the first 10 months of 1930, 744 banks failed – 10 times as many. ... By 1933, depositors saw $140 billion disappear through bank failures.
The Great Depression (1929-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors.
The government was unable to deal with the economic crisis left by the war. ... The economic situation in Germany briefly improved between 1924-1929. However, Germany in the 1920s remained politically and economically unstable. The Weimar democracy could not withstand the disastrous Great Depression of 1929.
By 1932, one of the bleakest years of the Great Depression, at least one-quarter of the American workforce was unemployed. When President Franklin Roosevelt took office in 1933, he acted swiftly to try and stabilize the economy and provide jobs and relief to those who were suffering.