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Chapter 21
Section 1
I. Introduction
A. European nations had tough time
recovering from WWI
1. Caused some to turn to dictatorships
B. During 30s, dictators gained power,
countries did not challenge them
C. The result was World War II
II. Depression Hits Europe Hard
A. WWI left European nations with huge
debts
1. Allies - $11 billion
2. Germany owed $33 billion
B. Political dispute worsened economic
crisis
1. Germany missed payment to France
II. Depression Hits Europe Hard
B. Political dispute worsened economic
crisis
1. Germany missed payment to France
2. France takes over Ruhr steel mills
and coal mines
3. Germany told its workers to strike
and that it would pay salaries
4. Germany prints money causing
hyperinflation
Occupation of Rhur
Hyperinflation in Germany
Hyperinflation in Germany
Hyperinflation in Germany
C. Because Germany could not pay its debt
to Allies, Allies could not pay U.S.
Ideas are more powerful than guns. We would not let our
Enemies have guns, why should we let them have ideas
Stalin
Stalin Quotes