After Germany signed the Treaty of Versailles nations of Germany had live miserable lives, because high inflation happened in Germany. Germany made a wrong decision when they had to pay money. Instead of taxing people to give money for the damage to Allies, Germany borrowed a lot of money from other countries. As a result they had to pay more money with a huge debt. However German government printed more money to pay off the debt but it caused inflation.
The parliament went as far as The Statute of Laborers to try to put an end to social mobility further angering peasants. The peasants wanted less manorial responsibilities but instead they saw a movement to lower wages and rights. The English would recover and be able to continue being a world power. Short term affects led to very different long term affect. The long-term effects of the war in France were increased nationalism
Before Jefferson entered the presidential office he was a states rights supporter and when the tax on whiskey was placed he opposed it, saying “The first error was to admit it by the Constitution.” (Doc A). He didn’t like the constitution because of the fact that it would make central government stronger. When the alien act was passed he was opposed to it and said that the central government should only have a set of specific purposes and the leftover purposes should be left to the states individually. (Doc B) Determining the amount of time it takes to be a citizen, and the ability to jail people opposing the government was too much power to Jefferson. When he came into office he realized the necessity for more central power and took more matters into his own hands, he had become a loose constructionist.
In Doc 4, Charles Mann explains that due to this inflation, the government ran out of money. This inflation also had an effect on agriculture, because the prices of grain fell drastically. Wang Xijue that the Ming government “requires silver for taxes but dispurses little in their expenditure,” and this results in lowered grain prices (Doc 6).
(Keynes, 1920) Moreover, Mussolini based the economic development of Italy on agricultural production instead of industrial production like Germany, with the policy of ‘Battle of the Grain’. However, when Italy was led into the WW2, the agricultural economy collapsed in a relatively shorter time since the industrial output remained low under Mussolini’s policy, which was essential in fighting WW2. Mussolini also inflated the value of the lira in his ‘Battle for the lira’, making exports more expensive. (Robert, 2003) This created unemployment at home as many industries and firms could not sell their goods. Furthermore, the Italian officials were very corrupted and serious crippled the corporation system.
This whole ordeal caused great upset in America and cause them to put up a bill that stated they would cut off trade with either Britain or France if the other dropped their trade restrictions. As well as this Britain was influencing native Americans against the settlers. All this dispute would cause America to go to war with their former cousin.
As a result of thes disunity, many nations, Britain included, saw the Americans as weak and unorganized people. The leaders of the colonies heard of their reputation as a nation and chose to change it; George Washington was elected president. One of the final straws leading to the collapse of the Articles was Shay’s Rebellion, which showed the public how going on with this form of government would only encourage rebellion. Under the Articles of
However, due to the excessive interest rates proposed by banks and merchants, this resulted in several farmers lacking the sufficient amount of money in order to pay their bank the loans they borrowed. Additionally, railroad companies demanded high freight rates from farmers who wished to ship their products and the government raised policies which declined the amount of money supplied to the agricultural industry. Therefore, as a solution to their extensive misfortune, several farmers in the South created the Farmers Alliance, in the late 1870’s, this was the main precedent for the People 's Party. The Farmers Alliance main purpose was to relieve the excessive tax regulations and policies, created by major business monopolies, that installed pressure and the agricultural industry. However, the farmers could not afford such plan.
Many citizens found that the policy was an insurance to make the price of money rise. By doing so, farmers found themselves to be on the negative side, unable to benefit from this sudden increase in money. Farmers were one of the few groups that were affected greatly by the Monetary Policy, as they were the ones who lived in an area where money was limited. When government officials helped big industries become profitable “and agriculture less so, banks became increasingly hesitant to lend money to farmers. When they did, it was at a higher rate of interest, making it even more difficult [for farmers] to profit.” Tariffs came around later in the period, causing many farmers to compete with one another for money.
Foreign affairs were points of serious contention in the Early Republic. Though the US had treaty obligations to France, Washington decided to avoid joining their war with Britain when conflict began in 1793. His “Farewell Address” later put great emphasis on avoiding foreign alliances. All the while, Britain was still flooding American markets with cheap goods and represented the vast majority of the young nation’s foreign trade. As the Anglo-French conflict escalated in Europe and then the North Atlantic, neither nation respected American claims for neutrality of the seas.