HIS109Y1 Lecture Notes - Wall Street Crash Of 1929, Beatrice Webb, Ramsay Macdonald
Document Summary
Italy - won the war lost the peace => fascism. Suffered terribly in wwi - economic damage = just as awful - lost much of int"l carrying trade with u. s. Many markets and seaborne trade = picked up by u. s. Accumulated wealth = lost in battlefields of france and belgium. Since mid-19th - position challenged - end 19th c - germany and u. s. Threat => old factories because britain started industrialization => new countries, new markets. Every penny available had to be used to ensure britain would not lose to germany. Any money available in britain able to be used to compete with new industrial power = gone. People in colonies (e. g. india) questioned why they should be ruled by such a distant nation and why they had sacrificed their lives in the war. Wwi - no exultant victory like napoleonic wars.
