Primary Sources: Economy in the Interwar Period
Introduction to this collection
This collection explores the changes in various economies as well as the global economy between the two world wars. These sources are largely visual images, such as posters and photographs, as well as some text sources. All concern the effects of these economic challenges and what governments did to meet them.
Guiding question to think about as you read the documents: How did different nations attempt to overcome economic crises after 1900?
WHP Primary Source Punctuation Key
When you read through these primary source collections, you might notice some unusual punctuation like this: . . . and [ ] and ( ). Use the table below to help you understand what this punctuation means.
Punctuation | What it means |
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ELLIPSES words … words |
Something has been removed from the quoted sentences by an editor. |
BRACKETS [word] or word[s] |
Something has been added or changed by an editor. These edits are to clarify or help readers. |
PARENTHESES (words) |
The original author of the primary source wanted to clarify, add more detail, or make an additional comment in parentheses. |
Contents
Source 1 – Economic hardship in photographs, 1930–1938 (0:35)
Source 2 – Works Progress Administration posters, 1935–1940 (4:40)
Source 3 – Social security poster, 1935 (7:05)
Source 4 – Speaking of Dust Storms, 1937 (9:05)
Source 5 – On the Grain Front, 1928 (10:10)
Source 6 – Harry Byers’ diary while in the USSR, 1930–1931 (14:35)
Source 7 – Statistical Yearbook of the League of Nations, 1930–1931 (17:20)
Source 8 – Report on food situation in Germany, 1917 (19:50)
Source 9 – German hyperinflation in photographs, 1919–1923 (23:05)
This document is also available as an audio file. Click Listen to audio button to access a reading of the article. Timestamps are in the source title. To locate a specific source in the audio file:
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Source 1 – Economic hardship in photographs, 1930–1938 (0:35)
Title Multiple untitled photographs |
Date and location China, United States, India, Great Britain, Germany, 1930–1938 |
Source type Primary source – photographs |
Author Multiple photographers |
Description The Great Depression impacted multiple economies around the world for a variety of reasons, including crop failure, problems in the financial market, and the aftereffects of war. These photographs provide a glimpse of how this economic hardship looked in many places across North America, Europe, and Asia. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
China
United States
India
Great Britain
Germany
Citation
Getty citations under each image.
Source 2 – Works Progress Administration posters, 1935–1940 (4:40)
Title WPA posters |
Date and location 1935–1940, United States |
Source type Primary source – posters |
Author Multiple authors |
Description A major part of US President Franklin D. Roosevelt’s legacy was the New Deal, a group of programs, public work projects, financial reforms, and regulations between 1933 and 1939. Among its programs was the Works Progress Administration (WPA), which employed millions of men in public projects, especially in creating new infrastructure. It also employed musicians, artists, writers, actors and directors in arts, drama, media, and literacy campaigns designed to increase public health and welfare. Below are some posters produced under the WPA. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
Getty images under each image
Notes or additional materials
Students can view a large collection of these posters at the Library of Congress. Use this link to start: https://www.loc.gov/collections/works-progress-administration-posters/about-this-collection/.
Source 3 – Social security poster, 1935 (7:05)
Title A monthly check to you |
Date and location 1935, United States |
Source type Primary source – government poster |
Author Unknown |
Description Social Security is an American program that was signed into law by Franklin D. Roosevelt in 1935. It is designed to provide financial support during retirement for American workers who pay into the system over their lifetimes. Social Security works by taking a percentage of income and putting it into a reserve. From this reserve, a government agency pays out benefits to those who are eligible for them. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
“’A Monthly check to you’ vintage poster introducing the Social Security program for the elderly, 1935”. (Photo by GraphicaArtis/ Getty Images).
Source 4 – Speaking of Dust Storms, 1937 (9:05)
Title Speaking of Dust Storms |
Date and location 1937, United States |
Source type Primary source – political cartoon |
Author Edgar F. “Steve” Schilder (1888–1963) |
Description This cartoon was published in the Syracuse Post-Standard in 1937 and made a comment about the New Deal. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
“1937: A man struggling under the burden of taxes which financed the New Deal policies of President Franklin Delano Roosevelt’s government.” (Photo by MPI/Stringer/Getty Images)
Source 5 – On the Grain Front, 1928 (10:10)
Title On the Grain Front |
Date and location 1928, USSR |
Source type Primary source – political speech |
Author Joseph Vissarionovich Stalin (1878–1953) |
Description Stalin was the political leader of the Soviet Union from 1924 until his death in 1953. This source is an excerpt from a speech he gave in response to a question from a student regarding problems with the grain supply. It was during a talk at the Institute of Red Professors, the Communist Academy, and the Sverdlov University on May 28, 1928. Here, Stalin reveals his thinking in how he formulated the five-year plan, sharing his ideas about industrialization and collective farming. The first five-year plan began shortly after this talk in October 1928. One part of the plan was called “collectivization”, which forced private farms to be combined into collective state farms. In response, many farm owners (kulaks) destroyed their crops and livestock, leading to some food shortages. These shortages worsened as available food was not distributed well. |
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Key vocabulary capitalist elements cardinal (adjective) |
thereby yield (noun) kulaks |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
The underlying cause of our grain difficulties is that the increase in the production of grain for the market is not keeping pace with the increase in the demand for grain. Industry is growing. The number of workers is growing. Towns are growing. And, lastly, the regions producing industrial crops (cotton, flax, sugar-beet, etc.) are growing, creating a demand for grain. All this leads to a rapid increase in our requirements as regards grain—grain available for the market. But the production of grain for the market is increasing at a disastrously slow rate. …
[T] he capitalist elements in the rural districts, and primarily the kulaks, had taken advantage of these difficulties, in order to disrupt the Soviet economic policy. …
What is the way out of the situation?
Some people see the way out of the situation in a return to kulak farming, in the development and extension of kulak farming. These people dare not advocate a return to landlord farming, for they realize, evidently, that such talk is dangerous in our times. … These people think that the Soviet power can simultaneously rely on two opposite classes—the class of the kulaks, whose economic principle is the exploitation of the working class, and the class of the workers, whose economic principle is the abolition of all exploitation. …
- The way out lies, firstly, in the transition from the small, backward, and scattered peasant farms to amalgamated, large-scale common farms, equipped with machinery, armed with scientific knowledge and capable of producing a maximum of grain for the market. The solution lies in the transition from individual peasant farming to collective, to common farming. …
- The way out lies, secondly, in expanding and strengthening the old slate farms, and in organizing and developing new, large state farms. …
- Finally, the way out lies in systematically increasing the yield of the small and middle individual peasant farms. We cannot and should not lend any support to the individual large kulak farms. But we can and should lend support to the individual small and middle-peasant farms, helping them to increase their crop yield and drawing them into the channel of cooperative organization.
Citation
Stalin, Joseph and Fry Collection of Italian History and Culture. Problems of Leninism. New York: International Publishers, 1934.
Source 6 – Harry Byers’ diary while in the USSR, 1930–1931 (14:35)
Title Untitled diary |
Date and location 1930–1931, USSR |
Source type Primary source – diary |
Author Harry Byers (1896–1975) |
Description Harry Byers was an American man who worked for the State Grain Trust of the USSR (now Russia and 11 other countries). He traveled to the USSR to teach Soviet workers how to operate large industrial machinery as part of the First Five-Year Plan. Harry Byers arrived in the USSR shortly after the plan began, and in this source he describes his observations of life in the USSR under this plan. He lived in multiple cities including Moscow, Grozny, and Ussuriysk, which was close to the Chinese border. |
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Key vocabulary poods |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
March 30, 1930
every time we go out, the poor [beggars] are after Some money.
July 30, 1930
Market Prices [outrageous]. 60 ¢ for 1 tomato, 40.00 [poods of flour], 3.60 10 eggs, the Chinese run it. Cucumbers, 30 ¢
September 1, 1930
People are killing their children. because they have nothing, for them to eat. and no clothes.
September 16, 1930
[...] Chinese Market closing up. Looks bad, where will we eat? Oh I Wish We Were Home.
October 8, 1930
[...] got 1/4 lb of cheese. $1.85. We are Slowly Starving our stomachs got $30 worth of Cookies Last Spring. all gone.
November 14, 1930
How much Longer we can hold out no one knows. am ordered to go to another Village. I know we will Starve. Market Sells Sour Milk.
December 19, 1930
Old Man comes to house every day to tell us there is no food. collective farm here all men beat it across to China. all instructors Planning on escape.
June 3, 1931
train Killed Horse + spread him all over. People came. with Knives from Village.
June 13, 1931
any one who has a cow. must give up 1/2 Milk to … [gets] no money … or he [loses] cow. Must deliver milk.
Citation
“Harry Byers.” Digital Collection, University of Waterloo, Special Collections & Archives. https://uwaterloo.ca/library/special-collections-archives/exhibits/harry-byers
Source 7 – Statistical Yearbook of the League of Nations, 1930–1931 (17:20)
Title Statistical Yearbook of the League of Nations |
Date and location 1930–1931, Geneva, Switzerland |
Source type Primary source – yearbook |
Author Multiple authors |
Description This chart was taken from the Statistical Year-Book of the League of Nations from 1930 to 1931, which compiled facts and figures from around the globe. This particular chart shows the flow of imports and exports and how it changed throughout the 1920s. |
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Key vocabulary omitted bullion |
specie balance |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
League of Nations. 1931. “Statistical Year-Book of the League of Nations.” Statistical Yearbook of the League of Nations, Series of League of Nations publications II, no. 5 (1935): 5 volumes.
Source 8 – Report on food situation in Germany, 1917 (19:50)
Title Report on food situation in Germany |
Date and location Germany, 1917 |
Source type Primary source – diplomatic report |
Author Unknown |
Description The following are two charts with data about the food shortage in Germany during World War I. The first chart focuses on cities where riots over the food shortage occurred during the year 1916, near the end of the war. The second chart shows the number of deaths that occurred in Germany during the “blockade”. The British Blockade of Germany, sometimes called the Blockade of Germany, was a military offensive by the British navy in which they were able to cut off Germany and several other countries’ access to the supply of maritime goods, meaning goods delivered by sea. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
Vascik, George S. and Mark R. Sadler. The Stab-in-the-back Myth and the Fall of the Weimar Republic: A History in Documents and Visual Sources. London: Bloomsbury Academic, 2016.
Source 9 – German hyperinflation in photographs, 1919–1923 (23:05)
Title Untitled photographs |
Date and location 1919–1923, photographs |
Source type Primary source – photographs |
Author Multiple photographers |
Description These images from Germany give us some insight into the problems with the currency and economic inflation after the war. In 1914, four German Marks equaled about one US Dollar. By 1923, it was one trillion marks to the dollar. |
Guiding question
How did different nations attempt to overcome economic crises after 1900?
Excerpt
Citation
Each image has its own citation.
Eman M. Elshaikh
Eman M. Elshaikh is a writer, researcher, and teacher who has taught K-12 and undergraduates in the United States and in the Middle East and written for many different audiences. She teaches writing at the University of Chicago, where she also completed her master’s in social sciences and is currently pursuing her PhD. She was previously a World History Fellow at Khan Academy, where she worked closely with the College Board to develop curriculum for AP World History.
Image credits
This work is licensed under CC BY 4.0 except for the following:
Cover: Women and children queue for rations handed out from a train carriage. © Hulton-Deutsch Collection/CORBIS/Corbis via Getty Images.