The Great Depression France - 1959 Words

The Start to the French Depression: Another country that suffered just as much as the United Kingdom had was France. Causes of their downward spiral were due to an underdeveloped economy. France’s industry was far inferior to Great Britain’s, particularly in farming. Tourism was also a big part of France’s economy, and during this time, many individuals simply did not have the money to travel around the world. France, like the United Kingdom, also suffered to recover from World War I. While not as bad, France relied heavily on German reparations, to pay for reconstruction. Once reparations had ceased, the Depression in France took place. Starting in 1931, France did not recover from the Depression until the remainder of the decade. During†¦show more content†¦French businessmen saw a devaluation coming. Many sent funds abroad, further impairing the economy. The French economy did not decline further after the sharp 1932 decline, but it also did not recover. The econmy stagnated for 3 years . Unemployment and industrial production in 1935 were basically the same as in 1932. [Hill, p. 37.] The left-wing parties increasingly attacked the Government and charged it with a callous social outlook. Tardieu defended his policies and warned that the left-wing parties (Communists and Socialists) would bring further economic decline, anarchy and ruin. The end result would be the Popular Front. The Popular Front: In 1935, the parties of the left (socialists, communists, radicals) founded the POPULAR FRONT which won the election of 1936; socialist LEON BLUM formed the new administration. t was the first time that the Socialists got more seats than the Radicals and the Socialist intellectual leader Là ©on Blum became the Prime Minister of France, apart from being the first Jew to hold the office. The Popular Front came to power with the command from its supporters of distributing wealth more fairly. The Government did five main things, which can be shown in the Matignon Agreements: it created the right to strike (and there would be no retribution against strikers), collective bargaining, a law that ordered 12 days of paid Annual leaves for workers, a limited work time per weekShow MoreRelatedThe Great Depression France1953 Words   |  8 PagesFrench Depression: Another country that suffered just as much as the United Kingdom had was France. Causes of their downward spiral were due to an underdeveloped economy. France’s industry was far inferior to Great Britain’s, particularly in farming. Tourism was also a big part of France’s economy, and during this time, many individuals simply did not have the money to travel around the world. France, like the United Kingdom, also suffered to recover from World War I. While not as bad, France reliedRead MoreFrances Perkins and the Great Depression1724 Words   |  7 PagesTo what extent is Frances Perkins responsible for and involved in the economic and social policies during The Great Depression? Frances Perkins role in government through pre and post great depression is not as widely recognized as some her fellow cabinet members who also pushed the New Deal. The details of who was the driving force behind the New Deal have been skewed over the years. How did Frances Perkins i nfluence the economic and social policies of the Great Depression? Do people only rememberRead MoreThe Consequences Of The Great Depression875 Words   |  4 Pagesthe consequences of the great depression in France. For this paper, to identify the consequences of the great depression in France I will have to obtain a variety of sources that explain how they got involved. Using these sources I will be able to figure out who was mainly damaged and how they try to resolve issues. 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The USA had lent large amounts of money to other countries to help with their damages from the war. The loans that the USA made helped the countries to recover trade. Many countries tried to protect their industries by putting taxes on imports. In 1930 USA the biggest tradingRead MoreS Second World War the Continuation of the First World War?647 Words   |  3 Pages Germany was the most responsible for the outbreak of the war. During the 1930s, Britain and France were trying hard o recover their economies. They had no time to check the aggression of the Axis Powers. Besides, they wanted to make use of Nazi Germany to check Communist USSR. They adopted an Appeasement policy In 1938, Germany threatened to take Sudetenland, a part of Czechoslovakia. 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