An Age of Uncertainty Science: two remarkable thinkers made a huge impact on the 20th Century Part of a scientific revolution as important as the first one Albert Einstein: German born physicist Theory of Relativity- space & time are not constant Sigmund Freud Austrian Physician Irrational part of the human mind is the unconscious The Interpretation of Dreams: 1900 book Weakened people’s faith in reason Great Thinkers An Age of Uncertainty cont’d Literature: people questioned ideas about reason, progress & religion People feared the FUTURE T.S. Elliot: American poet who wrote about a loss of spiritual values (1922) William Butler Yeats: Irish poet who in 1924 wrote about dark times ahead An Age of Uncertainty cont’d Thinkers Existentialism: philosophy that there is no universal meaning to life Friedrich Nietzsche 1880’s German philosopher who influenced existentialism His ideas had great impact on politics in Italy & Germany in 1920’s & 1930’s An Age of Uncertainty cont’d Writers Horrors of war influenced Franz Kafka (Czech) 1924 Freud influenced James Joyce (Irish) 1922 Arts Painters Moved away from Realism & towards Expressionism Cubism: 1907 Pablo Picasso (Spanish) used genometic forms to display natural shapes Surrealism: try to link dreams to the real world Salvador Dali (Spanish) 1931 An Age of Uncertainty cont’d Architects Functionalism: design reflects building’s function or use Frank Lloyd Wright (American) Composers Jazz: new musical style from the United States Developed by African-American in New Orleans, Memphis, Chicago Led to dances like the Charleston An Age of Uncertainty cont’d Technology: Pace of invention increased Automobile Middle Class could afford them Changed family lifestyles: travel for pleasure, new businesses developed, people moved to the suburbs & commuted to work An Age of Uncertainty cont’d Airplanes 1918: 1st airmail flights Charles Lindbergh: US pilot who flew from New York to Paris in 1927 (33 hours solo) Most major passenger airlines began during the 1920’s Amelia Earhart: American woman who was the first to fly solo over the Atlantic Radio Research for development increased 1920 world’s first commercial station started broadcasting from Pittsburgh, Pennsylvania Many European nations kept broadcasting under government control Radio was very popular & most families owned a radio Movies 1920’s motion pictures became a major industry 90% of films made in Hollywood Dramas starred Mary Pickford & Rudolph Valentino Comedy: Keystone Kops (slapstick) Charlie Chaplin Comic genius Known for portrayal of a lonely little tramp bewildered by life Late 1920’s: added sound to movies Mid1930’s: millions of Americans went to the movies weekly Europe After the War European Countries Bankrupt because of fighting Dominance in world affairs ended US & Japan Only countries in better financial shape after the war & expanded trade New Democracies Unstable 1914-1918: Absolute rulers overthrown Newly created democracies have no experience in ruling Europe After the War cont’d Coalition Government : temporary alliance of several parties to govern when no single party has won a majority Did not last long Hard to have strong leadership & work for long-term goals A major problem when in a crisis Voters willing to give up democracy for strong, totalitarian leaders Europe After the War cont’d Germany/ Weimer Republic (established 1919) People blame new government for WWI loss & Treaty of Versailles High Inflation During WWI Germany didn’t raise taxes to pay for war (just printed more money) To pay reparations to Allies for WWI (printed more money) Money is WORTHLESS & people blame new government Weimer Republic is Weak (1919) Serious weaknesses Germany had no democratic tradition Many political parties Germans blamed the Weimer Govt. for their defeat & postwar humiliation because they had signed the Treaty of Versailles The Weimer Republic Inflation Causes Crisis in Germany To pay war expenses Germany printed more money To pay reparations they printed even more money Money became worthless People questioned the value of their new, democratic government Attempts at Economic Stability International committee headed by Charles Dawes (American banker) helped Germany recover Dawes Plan (1924) $200 million loan from US banks Stabilized currency & strengthened economy More realistic schedule for reparation payments (owe $33 million instead of $55 billion) Worked by 1929 Efforts at Lasting Peace German foreign minister Gustav Stresemann & French foreign minister Aristide Briand signed a treaty (1925) promising to never make war on each other again in Locarno, Switzerland Kellogg-Briand Peace Pact 1928 US secretary of State Frank Kellogg & France’s Briand pledged to “Renounce war as an instrument of national policy” Almost all nations sign No way to enforce (no army to back it up) U.S. signs, but not part of League of Nations- which weakens it. The Great Depression Late 1920’s world economy was tied to U.S. prosperity 1929 U.S. economy collapsed A Flawed U.S. Economy Over production by business & agriculture Wealth NOT distributed equally Less demand for consumer goods Most American families too poor to buy goods leading to massive layoffs Farmers could not pay bank loans, forcing banks to close STOCK MARKET CRASHES Oct. 29,1929 Stock prices were unnaturally high & people decided to sell stock, believing rates would go down. No one wanted to buy stocks, prices dropped quickly. Billions of dollars in “paper wealth” vanished Stocks bought at high price are worthless Unemployment up, drops in industrial production, prices & wages STOCK MARKET CRASHES Oct. 29,1929 1929- Wall Street in New York City was financial capital of the world Stock prices were high due to booming economy Many people bought stocks “on the margin”- put in a little $ and took a loan from stockbroker for the rest Tuesday Oct. 29,1929- market crashed because everyone wanted to sell, nobody wanted to buy & stock prices fell quickly & are worthless Great Depression- long business slump with high unemployment Banks failed and people lost all savings 1933- ¼ of Americans unemployed The Great Depression Global Depression Collapse of American Economy Affects the World (chart on pg. 805) Americans no longer bought European goods No more American investments in Europe Conditions in U.S. got worse, panic in Europe Germany & Austria Hit hard because of dependence on U.S. loans & investments Japan Farmers suffer because of 1931 crop failure Value of exports drop by half 3 million city workers lost jobs & returned to villages for work Latin America Tied to global economy because of cash crops & raw materials Can’t pay debts to other countries World Responds to the Crisis Britain Depression hit them severely National Gov’t: Coalition group made economic policies that worked Nation had avoided political extremes & preserved democracy France More self-sufficient, agricultural economy Unemployment rose & crisis led to political instability Popular Front: coalition gov’t 1936 of Moderates, Socialists, & Communists Reforms did not work but they did keep a democratic gov’t. World Responds to the Crisis cont’d Socialist Governments Find Solutions Denmark, Sweden, Norway built successful recovery programs using cooperative community action Taxed all citizens to fund massive public works projects & welfare benefits Recovery in the U.S. 1932 Franklin D. Roosevelt elected New Deal- his program of reforms Believed gov’t spending would create jobs & start recovery Public works projects, $ to businesses & farms, welfare & relief programs Regulated stock market & banking Slow recovery
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