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Many nations, including the U.S. partook in imperialism

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Many nations, including the U.S. partook in imperialism

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The Axis Powers consisted of Nazi Germany, Italy, and the USSR

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The Axis Powers consisted of Nazi Germany, Italy, and the USSR

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The allied powers consisted of the USA, Great Britain, France, and later the USSR

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The allied powers consisted of the USA, Great Britain, France, and later the USSR

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Countries were loyal to one another and promised to help each other in their goals

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Countries were loyal to one another and promised to help each other in their goals

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Nationalism-When one Veiws their nation above all others

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Nationalism-When one Veiws their nation above all others

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Nevil Chamberlin Appeasing Hitler with the Sudetenland of Czechoslovakia

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Nevil Chamberlin Appeasing Hitler with the Sudetenland of Czechoslovakia

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Letting Hitler take more territory, but as long as he promised to not take any more. (He took more)

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Letting Hitler take more territory, but as long as he promised to not take any more. (He took more)

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Letting others do what they want, but as long as they leave you alone

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Letting others do what they want, but as long as they leave you alone

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Josef Stalin--USSR (United Soviet Socialist Republic)

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Josef Stalin--USSR (United Soviet Socialist Republic)

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The Treaty of Versailles And The Economic Consequences Of The Peace I THE GREAT WAR 1919

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Lots of punishment towards Germany, angered the German people

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Lots of punishment towards Germany, angered the German people

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The Fourteen Points

In a speech to Congress in January 1918, Wilson laid out his idealistic vision for the world after World War I, which was at the time sometimes referred to as "the war to end all wars."

In addition to specific territorial settlements based on an Allied victory, Wilson's so-called Fourteen Points emphasized the need for national self-determination for Europe's different ethnic populations.

Wilson also proposed the founding of a "general association of nations" that would mediate international disputes and foster cooperation between different nations in the hopes of preventing war on such a large scale in the future. This organization eventually became known as the League of Nations.

When German leaders signed the armistice ending hostilities in World War I on November 11, 1918, they believed Wilson's vision would form the basis for any future peace treaty. This would not prove to be the case.

Paris Peace Conference

The Paris Peace Conference opened on January 18, 1919, a date that was significant in that it marked the anniversary of the coronation of German Emperor Wilhelm I, which took place in the Palace of Versailles at the end of the Franco-Prussian War in 1871.

Prussian victory in that conflict had resulted in Germany's unification and its seizure of Alsace and Lorraine provinces from France. In 1919, France and its prime minister, Georges Clemenceau, had not forgotten the humiliating loss and intended to avenge it in the new peace agreement.

Treaty of Versailles Terms

The " Big Four" leaders of the victorious Western nations-Wilson of the United States, David Lloyd George of Great Britain, Georges Clemenceau of France and, to a lesser extent, Vittorio Orlando of Italy-dominated the peace negotiations in Paris. Germany and the other defeated powers-Austria-Hungary, Bulgaria and Turkey-were not represented at the Paris Peace Conference. Also absent was Russia, which had fought as one of the Allied powers until 1917, when, following the Russian Revolution, the country's new Bolshevik government concluded a separate peace with Germany and withdrew from the conflict.

The Big Four themselves had competing objectives in Paris: Clemenceau's main goal was to protect France from yet another attack by Germany. He sought heavy reparations from Germany as a way of limiting German economic recovery after the war and minimizing this possibility.

Lloyd George, on the other hand, saw the rebuilding of Germany as a priority in order to reestablish the nation as a strong trading partner for Great Britain. For his part, Orlando wanted to expand Italy's influence and shape it into a major power that could hold its own alongside the other great nations.

Wilson opposed Italian territorial demands, as well as previously existing arrangements regarding territory between the other Allies; instead, he wanted to create a new world order along the lines of his Fourteen Points. The other leaders saw Wilson as too naive and idealistic, and his principles were difficult to translate into policy.

In the end, the European Allies imposed harsh peace terms on Germany, forcing the nation to surrender around 10 percent of its territory and all of its overseas possessions. Other key provisions of the Treaty of Versailles called for the demilitarization and occupation of the Rhineland, limited Germany's army and navy, forbade it to maintain an air force, and required it to conduct war crimes trials against Kaiser Wilhelm II and other leaders for their aggression.

Most importantly, Article 231 of the treaty, better known as the " war guilt clause," forced Germany to accept full responsibility for starting World War I and pay enormous reparations for Allied war losses.

How Did the Treaty of Versailles Lead to World War II?

The Treaty of Versailles was signed on June 28, 1919, exactly five years after the Serbian nationalist Gavrilo Princip assassinated Archduke Franz Ferdinand and his wife in Sarajevo, sparking the outbreak of the war. Though the treaty included a covenant creating the League of Nations, an international organization aimed at preserving peace, the harsh terms imposed on Germany helped ensure that peace would not last for long.

Germans were furious about the treaty, seeing it as a diktat, or dictated peace; they bitterly resented the sole blame of war being placed at their feet. The nation's burden of reparations eventually topped 132 billion gold Reichsmarks, the equivalent of some $33 billion, a sum so great that no one expected Germany to be able to pay in full; in fact, economists like John Maynard Keynes predicted the European economy would collapse if it did.

Keynes was not the only prominent critic of the Treaty of Versailles: The French military leader Ferdinand Foch refused to attend the signing ceremony, as he thought the treaty didn't do enough to secure against a future German threat, while the U.S. Congress failed to ratify the Treaty of Versailles, and later concluded a separate peace with Germany. The United States would never join the short-lived League of Nations.

November Criminals

In the years following the Treaty of Versailles, many ordinary Germans believed they had been betrayed by the "November Criminals," those leaders who signed the treaty and formed the post-war government.

Radical right-wing political forces-especially the National Socialist Workers' Party, or the Nazis-would gain support in the 1920s and '30s by promising to reverse the humiliation of the Versailles Treaty.

With the onset of the Great Depression after 1929, economic unrest destabilized the already vulnerable Weimar Republic government in Germany, setting the stage for Nazi leader Adolf Hitler's fateful rise to power in 1933.

Sources

The Paris Peace Conference and the Treaty of Versailles. U.S. Department of State: Office of the Historian.
"The Treaty of Versailles: An Uneasy Peace," WBUR.org (excerpt from Michael Neiberg, The Treaty of Versailles: A Concise History), August 13, 2017.
Treaty of Versailles. United States Holocaust Memorial Museum.
The Treaty of Versailles, 1919. Chateau de Versailles.

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Treaty of Versailles: Definition, Terms, Dates & WWI - HISTORY

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The Treaty of Versailles was signed in 1919 and set harsh terms for Germany's surrender to Allied powers after World War I, setting the stage for World War II.

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The world still had many countries which held colonies

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The world still had many countries which held colonies

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The timing and severity of the Great Depression varied substantially across countries. The Depression was particularly long and severe in the United States and Europe; it was milder in Japan and much of Latin America. Perhaps not surprisingly, the worst depression ever experienced by the world economy stemmed from a multitude of causes. Declines in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United States, while the gold standard, which linked nearly all the countries of the world in a network of fixed currency exchange rates, played a key role in transmitting the American downturn to other countries. The recovery from the Great Depression was spurred largely by the abandonment of the gold standard and the ensuing monetary expansion. The economic impact of the Great Depression was enormous, including both extreme human suffering and profound changes in economic policy.

Timing and severity

The Great Depression began in the United States as an ordinary recession in the summer of 1929. The downturn became markedly worse, however, in late 1929 and continued until early 1933. Real output and prices fell precipitously. Between the peak and the trough of the downturn, industrial production in the United States declined 47 percent and real gross domestic product (GDP) fell 30 percent. The wholesale price index declined 33 percent (such declines in the price level are referred to as deflation). Although there is some debate about the reliability of the statistics, it is widely agreed that the unemployment rate exceeded 20 percent at its highest point. The severity of the Great Depression in the United States becomes especially clear when it is compared with America's next worst recession, the Great Recession of 2007-09, during which the country's real GDP declined just 4.3 percent and the unemployment rate peaked at less than 10 percent.

The Depression affected virtually every country of the world. However, the dates and magnitude of the downturn varied substantially across countries. Great Britain struggled with low growth and recession during most of the second half of the 1920s. The country did not slip into severe depression, however, until early 1930, and its peak-to-trough decline in industrial production was roughly one-third that of the United States. France also experienced a relatively short downturn in the early 1930s. The French recovery in 1932 and 1933, however, was short-lived. French industrial production and prices both fell substantially between 1933 and 1936. Germany's economy slipped into a downturn early in 1928 and then stabilized before turning down again in the third quarter of 1929. The decline in German industrial production was roughly equal to that in the United States. A number of countries in Latin America fell into depression in late 1928 and early 1929, slightly before the U.S. decline in output. While some less-developed countries experienced severe depressions, others, such as Argentina and Brazil, experienced comparatively mild downturns. Japan also experienced a mild depression, which began relatively late and ended relatively early.

The general price deflation evident in the United States was also present in other countries. Virtually every industrialized country endured declines in wholesale prices of 30 percent or more between 1929 and 1933. Because of the greater flexibility of the Japanese price structure, deflation in Japan was unusually rapid in 1930 and 1931. This rapid deflation may have helped to keep the decline in Japanese production relatively mild. The prices of primary commodities traded in world markets declined even more dramatically during this period. For example, the prices of coffee, cotton, silk, and rubber were reduced by roughly half just between September 1929 and December 1930. As a result, the terms of trade declined precipitously for producers of primary commodities.

The U.S. recovery began in the spring of 1933. Output grew rapidly in the mid-1930s: real GDP rose at an average rate of 9 percent per year between 1933 and 1937. Output had fallen so deeply in the early years of the 1930s, however, that it remained substantially below its long-run trend path throughout this period. In 1937-38 the United States suffered another severe downturn, but after mid-1938 the American economy grew even more rapidly than in the mid-1930s. The country's output finally returned to its long-run trend path in 1942.

Recovery in the rest of the world varied greatly. The British economy stopped declining soon after Great Britain abandoned the gold standard in September 1931, although genuine recovery did not begin until the end of 1932. The economies of a number of Latin American countries began to strengthen in late 1931 and early 1932. Germany and Japan both began to recover in the fall of 1932. Canada and many smaller European countries started to revive at about the same time as the United States, early in 1933. On the other hand, France, which experienced severe depression later than most countries, did not firmly enter the recovery phase until 1938.

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Great Depression | Definition, History, Dates, Causes, Effects, & Facts

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Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.

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Worldwide economic disaster, hardest on Germany

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Worldwide economic disaster, hardest on Germany