1929 crash + margin buying → bank failures → credit freezing → deflation → layoffs and collapsing demand.
FDR’s New Deal = Devalue $ (40%) + drop gold + build jobs + insure risks (unemployment/age/disability).
Malacca = China’s “energy lifeline”: choke-point risk (imports) meets piracy-control cooperation (RECAAP).
Denmark–Norway invasion = “Iron route by sea” first, Dunkirk = “troops out by sea” when the front hits the coast.
Iron Curtain = Berlin’s airlift gap: cut the routes, then fly in the essentials.
Purge starts “savage” (violence) → then “courts” (rules), with De Gaulle legitimizing the state.
Monetarism as “brakes”: control money supply with high interest rates to stop inflation, even if unemployment rises.
| Date | Event |
|---|---|
| October 1929 | Wall Street crash triggers collapse of the US stock market |
| 1929 | Great Depression begins |
| 1930 | Bank failures lead to credit freezing and deflation |
| 1933 | FDR leads the New Deal |
| June 11, 1936 | Popular Front law sets a 40-hour working week and 2 weeks' paid vacation |
| 1939 | Social Security Act of 1939 introduced insurance against unemployment, old age and disability |
| 1 October 1949 | Mao Zedong proclaims the PRC and signals China’s return to world affairs |
| December 24, 1979 | USSR invades Afghanistan |
| 26 October 1986 | Big Bang deregulates London’s financial sector |
| September 30, 1981 | French Parliament passes the bill abolishing the death penalty |
| Feature | New Deal (US) | Popular Front (France) |
|---|---|---|
| Devalued currency | devaluation of the dollar by 40% to encourage export competitiveness | devaluation in 1936 to boost export competitiveness |
| Work and unions | National Industry Recovery Act: 8h a day + power of trade unions to negotiate | Law of June 11, 1936: 40-hour working week and 2 weeks' paid vacation; state as arbiter between employers and unions |
| Social welfare | Social Security Act of 1939: insurance against unemployment, old age and disability | social policy aimed at boosting consumption via Matignon agreements and promoted leisure/employee rights |
| Economic outcome | political and social success consolidating democracy and restoring public confidence | economic failure reflected in an abysmal budget deficit and later austerity policy |
| Aspect | Soviet action | Western response |
|---|---|---|
| When | June 1948 | organized as the blockade runs |
| What was targeted | roads and rail links to Western zones and West Berlin | food and coal day and night by airlift |
| Purpose | take control of all Berlin | prevent outright confrontation and keep conflict at bay |
| End | ended in May 1949 | blockade ended in May 1949 |
Metti alla prova le tue conoscenze su Global Historical Developments con 24 domande a scelta multipla con correzioni dettagliate.
1. What event triggered the wider economic crisis that marked the start of the Great Depression in 1929?
2. How did bank failures in 1930 worsen the Great Depression?
Memorizza i concetti chiave di Global Historical Developments con 24 flashcard interattive.
Great Depression — start year?
1929, after the stock market crash
Wall Street crash — trigger?
1929 stock market collapse
Stock margin — risk?
Increases risk of financial collapse
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