World War 2 Econemy
In 1920, Germany was producing less then half its original economy before World War I. The agriculture began to fail due to all the animals that were eaten in the war, this caused a lack crops for food. In May 1921, the reparations for World War I were set by the Versailles treaty costing Germany 132 billion dollars to be paid to the allied countries. The Germans had no motivation to work because any money they made had to go to the Allies and their economy stayed the same. Late 1923 brought about the first move to help the economy. The United States loaned 800 million dollars to help rebuild the German economy. Using the new funds, the government installed modern tools into their factories and industries. The coal and iron production soon doubled and exports finally began to rise. By 1928 the total exports exceeded the pre war economy and paid off their war debts by borrowing money from other countries. The other debts that were required started getting more and more opposition as the people that were responsible for them died. Nationalist groups began to pop up, speaking out against the Allies for forcing them to pay these debts, also at the German government for paying them.
Before the First World War the United States was very active in foreign affairs in Europe, but after experiencing the horrors of the war the United States wanted to stay out of foreign affairs and concentrate on their own affairs. In 1929 the stock markets crashed and the great depression hit America causing the worst economy the United States has ever had. This happened around the world not only in the U.S, except for Germany whose economy continued to recover. The United States struggled through the depression as more and more people lost their jobs and more homeless were out on the streets. The same thing happened across the globe, counties had insecure economies which created chaos in the government and dictatorship began to take over. By 1936 Japan and Germany were Fascism countries which meant they felt their race and nation were superior to all others and that it was their right to exterminate the lesser races. Japan invaded China and two years later Germany invaded Poland. The United States still suffering from the depression like most other countries could do nothing to help the countries being attacked except by denouncing it and asking Germany and Japan to stop their aggression. After France and Germany entered the war, the United States began to build
Some topics in this essay:
World War,
Pearl Harbor,
War United,
African Americans,
France Germany,
Sweden Spain,
United Nations,
Versailles German,
Germany Fascism,
Poland United,
world war,
war united,
economy united,
gi bill money,
treaty versailles,
served war,
build war,
foreign affairs,
gi bill,
bill money,
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Approximate Word count = 857
Approximate Pages = 3 (250 words per page double spaced)
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