When Germany began to grow and expand, breaking the rules established by the Treaty of Versailles, international leaders such as Neville Chamberlain believed in a policy of appeasement because they thought that Germany was simply trying to recover from all that was taken away from them. The fear of having to fight another major war, lose more lives, take more damage, and pay high costs easily persuaded Chamberlain to take an easy approach towards Hitler as he had believed that justice had already been served by Germany, with all of Germany’s actions being seen as
When reviewing the two world wars, it becomes clear that money tended to be mismanaged due to lack of focus in production and the absence of long term financial goals. These two oversights became apparent, as the victors and the defeated dealt with significant economic crises after the first world war. Their economies were streamlined to produce a significant amount of arms and war related materials, yet left out the consideration for civilian aide after the conflict. Aside from the financial struggles, European nations dealt with an even larger problem by 1929, as a global depression impacted several major economies worldwide. With growing resentment and instability, certain countries such as Germany and Austria allowed for authoritarian based command economies to monopolize the developing economies by reinstating a need for arms, as excessive nationalist pride paved the way to war once again.
The government had been siding with the rich capitalists who were helping in flourishing the economy of the country. Inclination towards socialism was a result of this. Gilded Age, in this way, was only lined with golden. Internally, it was neither giving freedom not bringing success at an equal level. The freedom of the Gilded Age was further curbed with the start of World War I.
It was harmful for Germany’s economy and the effect of The Wall Street Crash in 1929 would prove that Germany was too dependent on America and this destructed its economy as the American economy collapsed. In its peaceful days, Germany got good foreign relationships and peaceful agreements,but had to make concessions. For instance, in 1925, the German government signed the Locarno Treaty which ensured its borders with Belgium and France to be as it was stated in the Treaty Of Versailles. This resulted with land and people loss, harmed the government’s reputation and made the extreme Right Wing angry. The Right Wing believed that they could get German territories back by war and blamed Stresemann for what he had sacrificed in order to make peace with the Allies, such as accepting the loss of land and colonies and agreeing to pay the reparations.
The main materials Europeans sought after were silver and gold because it symbolized a country’s superiority. A “favorable balance of trade” promoted a better work ethic to supply goods which benefitted the economy. The Navigation Acts were formed due to England’s competition with the Dutch for trade. So, these acts were created to ensure that only English ships could exchange goods with the colonies and the items could not be brought out of the domain. Mercantilism caused the colonies to be in debt to England because the goods that they exported were not as valuable as the goods imported from England.
Stark begins part two of How the West Won by arguing that the Dark Ages did not exist as there were several innovations happening at this time. He states that the fall of Rome was the inciting event that led to the rise of Western Civilization because it “unleashed so many substantial and progressive changes” (69). Many of the inventions at this time surrounded agriculture such as the harnessing of wind and water power and the invention of a horse collar. This allowed for greater and more efficient production of food and resources. Because of immigrating people groups during this era, there was a huge influx in arts and the creation of more complex music.
Rockefeller’s impact on the United States cause the U.S. government to create new laws and acts to prevent unfair business tactics and promote the idea of capitalism. During Rockefeller’s time in the oil industry he at one point controlled about 90% of U.S. pipelines and refineries. Statistics show that Rockefeller was very successful, however, he was not the most ethical businessman. He created the first monopoly by unethical practices such as colluding with railroads and using predatory pricing to rid himself of competition and take the idea of capitalism away from other aspiring oil businessmen. In Rockefeller’s mind, however, he was not being unfair he; was rather just using effective business techniques.
Big businesses, such as oil and railroad companies owned by John D. Rockefeller and J.P. Morgan, tended to dominate politics. Even businesses on smaller scales did very little to provide security for workers, which fueled the desire for reforms even more. The Triangle Shirtwaist Factory Fire of 1911 was a catastrophic event that proved a change was desperately needed, but when the owners were sentenced and merely fined, it only seemed to, once again, prove that the courts did not side with the victims. In response, more and more people, such as Rose Schneiderman, began to attempt to organize unions because of the lack of support from the government. Although the government did make attempts to stop monopolies and trusts, such as the Sherman Antitrust Act, the attempts were not strong enough to make any progress.
Leuchtenburg held a similar, though less extreme, view to Bernstein’s regarding capitalism. Leuchtenburg stated that FDR did not end capitalism, as the means of production, such as farms and factories, are still privately owned. Herbert Hoover had wanted increased business-government cooperation and market based solutions, however, many Americans believed that capitalism had failed them during the Great Depression. Due to FDR intervening in capitalism to prevent it from falling apart, it still exists and allows Americans to maintain their freedom regarding the market, as shown through Bernstein and Leuchtenburg’s statements on The New Deal’s role in
Trade Liberalization by definition is reducing trade barriers so that goods and services can move around the world more easily. These agreements have helped many people.So something that exemplifies trade liberalization would be the WTO(World Trade Organization) it helps open up trading but also if you do not abide by the rules you will be fined. You are not forced to pay the fine but if you do not no one will want to trade with you because the WTO has so much power. Comparatively the North American Free trade agreement has done quite a bit to open up trade. It was signed 1989 but it really started working Jan 1st 1994, from 1994 till 2000 exports from Canada to the US rose by over 150 billion dollars.