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Notes on video lecture:
Changes in Capitalism between the Wars
Notes taken by Edward Tanguay on August 27, 2019 (go to class or lectures)
Choose from these words to fill the blanks below:
Deal, truces, liberal, 1945, integrate, crack, reality, public, command, 1932, state, Asia, aggressive, challenge, consumption, separate, wartime, disequilibrium, civilians, automobile, afford, bonds, Keynes, production, globalization, manufactured, durable, conceptual, separation, specializing, depression, slow
the First World War brought the competing imperial systems, tension, and to a head
the peace of 1918/19 didn't create a peace as its architects sought out
the tension would persist until well into
1914-1945
a Thirty Years War with pauses and throughout
especially when you look at during this period, war was much more common than peace
this epic of world history brought the old Imperial systems' contentions to a head with a human toll that the planet had never seen and which we would never see again
during this time came a in the economic system
aggravated the tensions that lurked in the wake of the so-called peace
the Great Depression
collapse of financial, commercial and the first age of real
took highly highly integrated global arrangement and fractured it
from 1929 to
it took just a few short years to break this down
a village will produce for its own
but what happens over the centuries when you production from consumption
the 19th century was the high water mark, never had we seen such a between the two
some countries produced goods (Britain), and some produce primary staples (India)
transcends national boundaries
each country is
to protect their own jobs, each unit breaks the
people became disillusioned with the orthodoxies of economics
John Maynard
goes through a kind of transformation as a result of watching this happen
the completely free marketplace was no longer a for healthy economics
there was a turn away from the liberal formula
by 1937, we start to see a recovery
what eventually brought the world out of the economy tailspin were the demands of the economy
policy experiments
states were faster than markets
capitalist, communist and colonial economies relied on the as an engine
the state was an agent
the had locked itself into a steady state
the economies did better
didn't just put money in pockets
American New
France, Britain
command economies
state took over itself
this was new in the global economy for a state to play such an role
all societies became mass societies
experiencing pressure on the part of to recovery
mass production societies
the
Fordism
his workers should be able to an automobile
they can be the consumers of what they produce
a breakthrough
recombine production and consumption
paradox of modern capitalism
while it created more integration, it created more volatility
put pressure on states to societies vertically
resolving these problems was the of the 1930s
Ideas and Concepts:
Redefinition of 20th century war periods, via tonight's World History Since 1300 course:
"While we commonly understand that war was over in 1918, the end of the First World War only brought competing tension and disequilibrium to a head. The peace of 1918/19 didn't create a durable peace at all, as its architects sought out. The tension would persist until well into 1945.
In fact, the period of world history between 1914 and 1945 could better be thought of as a Thirty Years War with pauses and truces throughout.
Especially when you look at Asia during this period, war was much more common than peace. This epic of history increased the contentions of the old imperial systems to a climax until they finally more or less expired, with a human toll that the planet had never seen before, and would never see again."
"While we commonly understand that war was over in 1918, the end of the First World War only brought competing tension and disequilibrium to a head. The peace of 1918/19 didn't create a durable peace at all, as its architects sought out. The tension would persist until well into 1945.
In fact, the period of world history between 1914 and 1945 could better be thought of as a Thirty Years War with pauses and truces throughout.
Especially when you look at Asia during this period, war was much more common than peace. This epic of history increased the contentions of the old imperial systems to a climax until they finally more or less expired, with a human toll that the planet had never seen before, and would never see again."