American History

• stock speculation
• banks made careless loans
• businesses produced more than they could sell
• people borrowed money that they couldnt repay
• buying on margin
• uneven prosperity
• increase in war debts

• Slavery
• Ways of Life
• Free Labor vs. Slave labor
• states' Rights

• Germany was forced to give up territory
• Germany's army was reduced
• Germany had to pay $33 million to damaged countries
• League of Nations was formed

• Industrial countries of Europe were very competitive
• Countries formed alliances
• Assassination of the Archduke
• Alliances brought many countries into the war

no secret treaties, freedom of the seas, decrease in ALL arms, league of nations

said germany needed to be helped not punished