Introduction
Key forces
- The Treaty of Versailles imposed punishing terms on Germany in 1919, generating lasting resentment that fuelled nationalist and extremist politics for two decades.
- Economic catastrophe — hyperinflation in the early 1920s and the Great Depression after 1929 — repeatedly destabilised democratic governments and made authoritarian alternatives more attractive.
- Fascist movements in Italy and Germany rose to power by exploiting postwar grievances, economic suffering, and the weakness of parliamentary institutions.
- The League of Nations failed repeated tests of collective security — in in 1931 and in 1935 — establishing a pattern of impunity for aggressive states.
















