PT.1 The Fragile Recovery of the 1920s.

Apuntes

•[United States as Economic Hegemony] Which country became the world’s economic dominant power after World War I? The United States of America. •[The Roaring Twenties] What were the Roaring Twenties? A period of economic growth and entertainment in the USA following the war. •[Europe’s Post-War Situation] What was Europe’s condition after World War I? The economy struggled due to several factors: - War destruction - Rising prices (inflation) - High unemployment rates •[Dawes Plan] What were the Dawes Plan? It was an agreement aimed at stabilizing Germany’s economy and restructuring war reparations, helping to revive European economies. •[Consumer Society of the Roaring Twenties] What characterizes the Consumer Society of the Roaring Twenties? - People bought more items like cars, radios, and clothes - Advertising and credit (buy now, pay later) became popular - Factories increased production to meet rising demand