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Essay / Research Paper Abstract
This 5 page paper discusses the economic and political situations in the world during the decade before and the decade after World War II. The stock market crash led to a decade of economic strife in the world and also helped set the stage for the rise of fascism and dictators. The decade after the war was one that saw more international trade but it also left the world in a Cold War fearing of communism. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: MM12_PGww2pr.rtf
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Unformatted sample text from the term paper:
been a time of excesses in all aspects of life - overextension of credit, overproduction of goods, excessive speculation in the stock market and tariff policies that limited world trade.
The excesses abruptly ended when the stock market crashed in the last week of October 1929. The 1930s marked the worst economic collapse in the United States (New Deal Network,
2002). Unemployment averaged about 15 percent over that decade but it reached 25 percent at one point (New Deal Network, 2002). A lack of confidence in economic and political institutions
called for bold plans and Roosevelt initiated measures under the New Deal (New Deal Network, 2002). Programs included work projects, direct relief, labor reform, the Works Progress Administration, Social Security,
the Federal Deposit Insurance Corporation and housing and agricultural subsidies (New Deal Network, 2002). Even the boldness and activism of the administration did not bring about full recovery but it
did bring about hope to the people and loyalty to FDR (New Deal Network, 2002). While other nations were experimenting with fascism and communism, the West showed that
capitalism and democracy could work and survive in the most dire of times (New Deal Network, 2002). Still, the 1930s was a time of despair and poverty. Some nations
were already at war. Japan had launched a full attack against Manchuria in 1931 (Esposito, 2002). The economic collapse after World War I laid fertile ground for fascism to take
hole in many parts of the Europe. The Great Depression resulted in all nations defaulting on their World War I debts to the U.S. The economic crisis led to numerous
desperate actions within each country as they tried to stabilize their domestic economy (May, 2002). This all acted as a catalyst for the rise of Hitler in Germany because he
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