When World War I came to a close and the Versailles Peace Treaty was signed, a spirit of hope and opportunity settled over the European continent. Peace was at hand and the nations of Europe could turn to the tasks of economic and political recovery. Germany elected a liberal democracy a whole slew of democracies developed in Eastern Europe. Liberalism seemed to be the order of the day.
However, economic instability in the United States led to the crash of the New York Stock Exchange, setting in motion a domino effect that left the entire international economic and financial system in sham…
