Chapter 30The Global Great Depression, Latin

America, and the Militarization of Japan

War-induced inflation Chronic

Overproduction of food◦ Production exceeded

demand◦ Drove down prices

and earnings Little Economic

Intervention Protectionist/

Internationalist policies

The Global Great Depression

Consequences◦ Slowed investment◦ Unemployment◦ Increase in suicides◦ More employment of

women◦ Greater government

involvement in the economy

The Global Great Depression

The Global Great Depression

Western Responses

◦ Economic Raised National Tariffs Cut Government

spending Stagnation

◦ Political Impotent Parliaments Increased Spending

(Scandinavia) Welfare State Fascism

Results of WWI◦ Import substitution strategy◦ Inflation◦ Population growth

Labor and the Middle Class◦ Importance of urban labor◦ Middle class wanted power

Changes in Latin America

Ideology and Social Reform◦ Failures of liberalism◦ Corporatism◦ Mexico – land reform◦ Brazil – new

constitution◦ Argentina – military

rule

Latin America

The Militarization of Japan Authoritarian rule Nationalism 1910 – takes Korea Depression hurts

Japan less than other countries

Militarization of Japan 1931: full

industrialization; takes Manchuria

May 1932 coup 1936: militaristic

prime ministers take over

1937-1938: invasion of China This terrified baby was almost the onl

y human being left alive in Shanghai's South Station after brutal Japanese bombing