Interwar Period. With the end of World War 1, the old international system was torn down, Europe was reorganized, and a new world was born. The European nations that had fought in the Great War emerged economically and socially crippled. Economic depression prevailed in Europe for much of the inter-war period, and debtor nations found it impossible to pay their debts without borrowing even more money, at higher rates, thus worsening the economy to an even greater degree. Germany especially was destroyed economically by World War I and its aftermath: the reparations to Britain and France forced on Germany by the Treaty of Versailles were impossibly high.
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League of NationsThe League of Nations, 1920. The League of Nations was an international organization, headquartered in Geneva, Switzerland, They created it after the First World War to maintain a forum for resolving international disputes.
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The Roaring TwentiesThe mood of the 1920s was expressed in music, fashion and entertainment. The united states had introduced prohibition in 1920.
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The Great DepressionThe Great Depression lasted from, 1929 to 1939. This was the darkest lonegest lasting economic downturn in history of the western industrialized world. It came to the United States after the stock market crashed in October 1929 and which sent panic into Wall Street and took away millions of investors.
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