United States (nov 11, 1918 – sep 1, 1939)

Description:

Result of WWI:

Rejected Treaty of Versailles --> became Isolationist

Everything seems great in the 1920s until Market crash + Great Depression in 1929

Market crashed because of
- isolationist trade practices such as high import tariffs (high taxes on goods being imported from other countries)
- loans to European countries for paying off war debt
- prosperity


which CAUSES

Political extremism: bonus army (war veterans) rioted for more pay, Father Coughlin, "Kingfish" Long, Joe Kennedy

New Deal: Solutions
- public works projects
- financial help to businesses/farms
- public $ spent on welfare/relief programs
- regulated stock market & banking system

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