The Search For Stability
Inflation In Germany
Government prints money to pay striking workers this creates a rise in prices.
¨ 1914 4.2 marks = $1 U.S.
¨ Nov 1, 1923 130 billion = $1 U.S.
¨ Nov 30, 1923 4.2 trillion = $1 U.S.
¨ Needed a wheel barrel to take home weekly pay
The Weak League Of Nations and how it became weak
2. Ineefective powers. Moral condemnation was totally useless as countries mostly ignored it.
Trading Sanctions would have been effective but two things stopped it. Firstly, Britain and France, the league's main members, were unwilling to support them as their economies were dire and fragile, as i said above. Secondly America was the richest country and the biggest trading power. America was not in the league so if the League members ceased trading with a country the country coudl simply trade with America.
The Leaggue's final power, Military intervention was ineffective for two reasons. Firstly, As I said above, Britain and France were unable to supply many troops due to WW I. The League's strongest Member was Japan, and Japan was about 5000 miles away fronm the League's headquarters, so troop transport was a problem. Also, Japan was not really interesting in Keeping peace as shown by their invasion of Manchuria.
3. The League's structure made making decisions difficults. The league had 4 Permanent Members. Britain, France, japan and Italy. The council was the body fo the league which had the ability to use the League's powers. However, any none of the permanent members could stop the council from doing anything, with the rsult that when Japan invaded manchuria, they were simply able to stop the League from doing anything about it because they were a permanent member. the same is true of Italy's invasion of Abyssinia.
The Treaty of Versaillies
The Treaty of Versailles was only one of five treaties produced by the Paris Peace Conference, one for each of the defeated Central Powers, none of whom were in attendance, and each named after a Parisian suburb.
The Treaty of Sevres, for example, officially closed down the Ottoman Empire and virtually abolished Turkish sovereignty, while the Treaty of Trianon imposed strict punishments on Hungary.