In this unit, I learned a lot about one of the main causes of the Great Depression, and how it spread like wildfire. The Treaty of Versailles was not very kind to Germany. Not only did Germany lose land, they were forced to demilitarize, and pay a massive fee of 33 billion US dollars to cover damages caused by the war. Germany couldn't keep up with these payments, so America decided to help Germany out by loaning them some money. This decision caused America's markets to crash. In response, they asked Germany for the loan money back thus creating a new problem. Germany wasn't able to pay the reparations to European countries anymore. This caused the Europeans market crash as well. A lot of people's hopes were lost until totalitarian leaders claimed they could fix this economic mess. This would eventually help decide who would be the contenders of WWⅡ. One thing that still do not know is how the League of Nations came up with the price of 33 billion dollars to make Germany pay?
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Basim KhokharA cool high school sophomore that wants to write about the cool and sad things he learns in his history class. Archives
March 2020
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