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Government Intervention In Germany And Italy During World War I

804 Words4 Pages

World War 1 took place between 1914 and 1918. The war caused Germany and Italy to lose lots of their resources and money, which made them go into debt. When the Great Depression hit, the United States lost a great amount of money. Because the United States was supporting Europe financially, many European countries relying on the United States suffered tremendously. This caused widespread suffering due to the hyperinflation in the economy. Because of Fascist governments in Italy and Germany, therefore governments changed their economic policies in response to the Great Depression. When Adolf Hitler rose to power, he implemented a Fascist Government in Germany. He stopped paying war reparations that were required through the Treaty of Versailles …show more content…

He adopted corporatism and made life better in Italy for a while. He made life better by regulating the economy and winning over powerful industrial elites. Due to the amount of unemployed people, he industrialized and built factories, so people were then put to work. Because of the Government intervention in the economy due to Fascism, the economic policies were changed in response to the Great Depression. The government intervention helped change the Italian economy and make it easier for people to live. World War 1 took place between 1914 and 1918. The war caused many European countries to lose lots of their resources and money, which made them go into debt. Due to the fact that the United States was untouched by war, many of the European countries were dependent on the United States. When the Great Depression hit, the United States lost a great amount of money. Because the United States was supporting Europe financially, many European countries relying on the United States suffered tremendously. This caused widespread suffering due to the hyperinflation in the economy. Because of Germany violating the treaty of Versailles and Italy adopting corporatism, these governments changed their economic policies in response to the Great

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