1. 1929-1930s

2.  Created new boundaries throughout Western Europe
 Left many countries unhappy

3.  Pushed by Woodrow Wilson
 Possible solution for the uneasy peace after WWI
 Americans did not want to be involved in European
affairs
 US does not join

4.  Dominant power in Europe after WWI
 Demands League of Nations intervention with
Germany’s war reparations
 Germany owed $132 billion
 France takes control of Ruhr Valley
 Center of German industry and mining

6.  Wiemar Republic after WWI
 Germans not happy with French occupation of
factories- results in strikes
 Government prints money to solve their problems
 Results in inflation
 1923
 130 billion German marks = 1 US dollar

8.  Dealt with war reparations
 Based on Germany’s ability to pay
 Led to heavy American involvement in Europe
 America gives Germany $200 million loan

9.  Between France and Germany
 Guaranteed western borders for Germany
 Supposedly “World Peace”

10.  At this point, many nations are weak.
 Soon develops into a depression throughout the
western world.
 Depression- period of low economic activity and rising
unemployment