armed peace:

armed peace:
the isolation of France since the loss of Alsace and Lorraine after the 1870 war had fueled his revenge and turned to France in a potential adversary.
maintaining the balance in the Balkans: biskmark knew that Austria and Russia had conflicting interests in the Balkans and that these tensions could be the source of a European conflict.
eiropeas powers are afruparon into two opposing military. Germany, Austria, and Italy sirmaron the triple alliance. On the other hand, the aggressive foreign policy of William II led to France, Russia and Britain to form the Triple Entente (1907). Pusia abandon the alliance with Germany because of the problems in the Balkans.
mutual fear led to an intense arms race.

CHARACTERISTICS OF "THE HAPPY YEARS 20"

Increased use of electricity and oil.

Technical innovation and changes in work organization.

Automobile sector boom. Fordism.

Increased productivity. Reduction of production costs.

Improving the purchasing power of families.

Advertising and Marketing. Consumer Revolution.

Department Stores. Hire purchase.

Indebtedness of Families.

Overproduction. The agricultural sector is very damaging.

Uneven economic growth

After the First World War, the economic egemonia moved from Britain to the U.S., and New York in conviertió in world financial center.
Adapting to European economic peace was long and difficult devido to the destruction caused by war, inflacción and rising unemployment. The crisis was particularly strong in Germany, they had to pay war reparations, which saw a sharp rise in prices and a loss of value of its currency, the franc.
From 1923 there was a production growth, a lower unemployment and improved living standards in European countries

Introduction

From 1925 there was a general expansion of production and consumption activity, led by the United States, a stage known as Big Business. Its industrial development was spectacular and increased productivity led to increased jobs, wages, hire purchase favoring a new consumer and creating a new lifestyle. This lifestyle would be followed by Europe. They say they were the "Roaring Twenties".