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  1. The Democratic States in the West: __ said WWI was fought to make world safe for __. Four major European states and a host of minor ones had functioning__. __ was replaced by __ as male politicians let women vote. They entered politics as __to parliamentary bodies. Almost 10% of __of Reichstag were women. 
    • Woodrow Wilson
    • democracy
    •  political democracies
    • Universal male suffrage
    • universal suffrage
    • deputies
    • deputies
  2. Great Britain
    •  a.      After WWI, Britain had difficulties
    •                                                               i.      lost markets for industrial products; decline of staple industries of coal, steel, and textiles led to unemployment; Lloyd George’s coalition government was incompetent
    • b.      1923: Brit politics transformed when Labour Party became second most powerful party in Britain after Conservatives
  3. After election
    •                                                               i.      after elections, a Labour-Liberal agreement enabled Ramsay Macdonald to become first Labour prime minister of Britain
    • 1.      he rejected extreme social or economic experimentation
    • 2.      government lasted 10 months as Conservative Party’s charge that his administration welcomed communism was successful
  4. Stanley Baldwin
    • a.      Under Stanley Baldwin as prime minster, Conservatives guided Britain during recovery from 1925-29
    •                                                               i.      this was superficial as Brit exports in the 1920s never compensated for the overseas investments lost during the war and unemployment remained at 10%
    • 1.      coal miners were affected by decline of antiquated and inefficient British cal mines, which suffered from world glut of coal
  5. Attempts of mine owners
    •                                                               i.      attempts of mine oweners to lower miner wages led to national strike (the Genearl Strike of 1926) by miners and sympathetic trade unions
    • 1.      compromise settled it, but they were forced to work again for low wages
  6. 1929
    • a.      1929: at start of Great Depression, a second Labour government came into power, but it fell due to inability to solve anything
    • b.      A National Government claimed credit for bringing Britain out of worst stages of depression, by using traditional policies of balanced budgets and protective tariffs
    •                                                               i.      unemployment dropped
  7. British politicians
    • a.      Brit politicaisn ignored new ideas of economist, John Maynard Keynes, who published General Theory of Employment, Interest, and Money
    •                                                               i.      condemned traditional view tha tin a free economy, depressions should be left to work themselves out
  8. Keynes argued
    1.      he argued that unemployment stemmed not from overproduction but from decline in demand and that demand could be increased by public works, financed, through deficit spending to stimulate production
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2013-04-15 15:07:04
HON 122

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