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Audio:
Recommended Reading:
- Powerpoint presentation
- Adam Ferguson’s When Money Dies is a classic account the German hyperinflation of 1923.
- Locarno Revisited: European Diplomacy, 1920-1929 is pricey in print but can be rented for the Kindle for a reasonable amount.
- David Swanson’s When the World Outlawed War tells the story of the drive toward the signing of the Kellogg-Briand Pact.
- The Great Depression by Lionel Robbins (full text PDF).
- The Causes of the Economic Crisis by Ludwig von Mises (full text PDF).
- Chapter 9 of Mises’s Omnipotent Government details the situation in Germany immediately following World War I.
- Ralph Raico’s article “Mises on Fascism, Democracy, and Other Questions” contains a section on the attempts to carry out socialist revolution in Italy following World War I.
Interwar Europe – Quiz
- Identify the attempted coups against the Weimar government from both the Left and Right in the years immediately following World War I.
- Identify the members of the “Little Entente” of the 1920s.
- Explain the chain of events that led to French occupation of the Ruhr and hyperinflation in Germany.
- Explain Gustav Stresemann’s strategy of attempting to revise the Treaty of Versailles.
- Explain how the Dawes Plan allowed the Versailles to continue functioning through the 1920s.
- Explain how Western states attempted to deal with stock market crash and following depression in the early 1930s.
- Kapp Putsch; Spartacist Revolt
- Hungary, Czechoslovakia, Romania
- Germany missed a reparations payment; France seized control of industry in the Ruhr; German government urged passive resistance and guaranteed salaries of Ruhr workers; German government printed money to pay Ruhr workers; hyperinflation resulted
- He offered to confirm Germany’s western boundaries as stipulated at Versailles, but worked to revise Germany’s eastern border to recover lands that had been lost in 1919.
- American banks lent to Germany so it could make reparations payments to Britain and France, which in turn were then able to service their loans to American banks.
- In general, they raised trade barriers and attempted to prop up wages and prices, thus prolonging the depression.