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In the history of the 20th century, the interwar period (or 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.
Britain faced a large debt of money to the US Treasury it borrowed to fight the war. Washington refused to cancel the debt but in 1923 the British renegotiated its £978 million war debt. It promised regular payments of £34 million for ten years then £40 million for 52 years, at a reduced interest rate.
The rapid expansion of housing was a major success story of the interwar years, standing in sharp contrast to the United States, where new housing construction practically ceased after 1929. The total housing stock In England and Wales was 7.6 million in 1911; 8.0 million in 1921; 9.4 million in 1931; and 11.3 million in 1939. [133]
The onset of the great depression in 1929 undoubtedly had an astronomical effect on the global economy during the latter years of the interwar period. American credit disappeared with the United States stock market crash in October 1929, severely hurting European businesses and causing a drastic rise in unemployment.
Historians in recent years have explored the Klan in depth. The KKK of the 1860s and the current KKK were indeed violent. However, historians discount lurid tales of a murderous group in the 1920s. Some crimes were probably committed in Deep South states but were quite uncommon elsewhere. The local Klans seem to have been poorly organized and ...
Adolf Hitler is sentenced to 5 years in prison for his participation in the Beer Hall Putsch (he serves only 8 months). April 6 Fascists win the 1924 Italian general election with a 2/3 majority. June 10 Italian Fascists kidnap and kill socialist leader Giacomo Matteotti in Rome. August 16 The Dawes Plan is accepted. It ends the Allied ...
The history of interwar Poland comprises the period from the revival of the independent Polish state in 1918, until the Invasion of Poland from the West by Nazi Germany in 1939 at the onset of World War II, followed by the Soviet Union from the East two weeks later.
Interwar France covers the political, economic, diplomatic, cultural and social history of France from 1918 to 1939. France suffered heavily during World War I in terms of lives lost, disabled veterans and ruined agricultural and industrial areas occupied by Germany as well as heavy borrowing from the United States, Britain, and the French people.