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The Roles of Individual Nation States in Global Economics

By kpeavy
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    Role of Individual Nations in Global Economics

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    The United States of America

    The US was the West's most protectionists country.
    During 1913-1920 the Democrats succeeded on lowering trade barriers. The South was the support base for free trade, exports of cotton and tobacco crucial to the region.
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    Germany Interwar Period

    Germany was strained during this period due to the reparations placed on them after WW! and the Treaty of Versaille.
    Inflation crippled the country
    During the Gold Crises and on the eve of the Great Depression and Stock Market crash in the United States - the government closed the possibility to convert currency into Gold and foreign exchange. • the country would soon turn to Autarky and see the rise of Fascism and Nazi Germany
    • Hjalmar Schacht and the Nazi party rebuilt Germany
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    Great Britain - Interwar Period

    • Labour government collapsed, replaced by National government who took country off the sterling gold. • 
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    The United States of America - Interwar Period

    • USA became worlds largest Lender and shited away from being the worlds largest debtor. • Roosevelt took the dollar off gold in March 1933
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    Japan Interwar Period

    Takahashi - finance minister - took the Yen off of gold in 1931
    • Japanese took on many fascist movements
    • flooded the world with Japanese textiles, toys, shoes, and other goods
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    Japan - Interwar Period

    Takahashi - finance minister - took Yen off the gold standard 1931
    •Japan began many fascist features
    •flooded the world market with textiles, toys, shoes, and other cheap goods  
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    The Soviet Union - Interwar Period

    During the 1920's the Soviet Regime promoted a private-public hybrid economy. The government controlled industry, finance, and utilities and the private sector controlled the farms.
    • this resulted in rapid growth
    • industrial development was taken largely out of agriculture and consumption
    • Collective farms were inforced and produce was commandeered