Great Depression

The Great Depression and the Interwar Years

Impact of war


Loss of export markets: IMPORT SUBSTITUTION
Financial costs
Britain: from creditor to debtor
1919 Versailles Conference
REPARATIONS / JOHN MAYNARD KEYNES

1924: DAWES PLAN

rise of NYC as global financial center

1929 and the Crash

Black Thursday and Black Tuesday
Global impact

Recipes for recovery?

Effort to alleviate economic stress took many forms
Britain, France and traditional economic thought

Japan: militarization and the “GREATER EAST ASIA CO-PROSPERITY SPHERE”

Mexico: nationalization: LAZARO CARDENAS (1934-40)

FDR and the NEW DEAL

What about Germany?