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The outbreak of World War II in 1939 ended the Depression, as it stimulated factory production, providing jobs for women as militaries absorbed large numbers of young, unemployed men. The precise causes for the Great Depression are disputed. One set of historians, for example, focuses on non-monetary economic causes.
The European interwar economy (the period between the First and Second World War, also known as the interbellum) began when the countries in Western Europe were struggling to recover from the devastation caused by the First World War, while also dealing with economic depression and the rise of fascism.
The events preceding World War II in Europe are closely tied to the bellicosity of Fascist Italy, Nazi Germany, Francoist Spain, Imperial Japan, and the Soviet Union, as well as the Great Depression. The peace movement led to appeasement and disarmament.
In the history of the 20th century, the interwar period (interbellum) lasted from 11 November 1918 to 1 September 1939 (20 years, 9 months, 21 days) – from the end of World War I (WWI) to the beginning of World War II (WWII). It was relatively short, yet featured many social, political, military, and economic changes throughout the world.
Golden Fetters: The gold standard and the Great Depression, 1919–1939. 1992. Feinstein. Charles H. The European Economy between the Wars (1997) Garraty, John A. The Great Depression: An Inquiry into the causes, course, and Consequences of the Worldwide Depression of the Nineteen-Thirties, as Seen by Contemporaries and in Light of History (1986)
It triggered the exit of Germany from the gold standard on 15 July 1931, followed by the UK on 19 September 1931, and extensive losses in the U.S. financial system that contributed to the Great Depression. The causes of the crisis included a complex mix of financial, fiscal, macroeconomic, political and international imbalances that have ...
The causes of World War II have been given considerable attention by historians. The immediate precipitating event was the invasion of Poland by Nazi Germany on September 1, 1939, and the subsequent declarations of war on Germany made by Britain and France , but many other prior events have been suggested as ultimate causes.
Federal spending in millions of dollars (1910–60). The time period of the Hoover administration, the New Deal and World War II are highlighted. J. Bradford DeLong explained that Hoover would have been a budget cutter in normal times and continuously wanted to balance the budget. Hoover held the line against powerful political forces that ...