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The great depression2
 

The great depression2

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    The great depression2 The great depression2 Presentation Transcript

    • The Great Depression (1929-1939)
    • What was the Great Depression?
      • The Great Depression: a period of very low economic activity and high unemployment that spread throughout the world during the 1930s
    • Economic Boom in the United States
      • The Roaring 20’s
        • American factories produced most of the world’s manufactured goods
        • American workers made more money than workers in other countries
        • Banks in the U.S. loaned other countries large amounts of money
    • Economic Struggles in Europe
      • Most nations were deep in debt after World War I
      • Many countries printed too much money and experienced inflation (money loses value and prices go up)
      • Many European nations relied too much on the U.S. economy
    • Causes of the Great Depression
      • Too much confidence in the economy
        • Americans borrowed and spent too much
        • People made careless investments
        • Factories produced more goods than they could sell
    • The Stock Market Crash of 1929
      • The economy slowed down
        • Stock values began to fall
        • Investors panicked and too
        • many people wanted to sell
        • their stocks
      • Stockbrokers demanded
      • that borrowers pay off loans
        • People withdrew money from banks to pay off loans
        • Many banks did not have enough money and had to close
      • Prices dropped further
        • On October 29, 1929, Black Tuesday , values of stocks “crashed” to record lows
    • Effects of the Great Depression
      • Many banks and factories closed
      • People lost faith in the economy
        • People bought less and invested less
      • Many people became homeless
      • Unemployment was at an all time high
          • 1/4 Americans and British jobless
          • 2/5 Germans jobless
      • Different Responses to the Great Depression
    • The United States
      • Kept its democratic form of government
        • Voters gave government more power to deal with depression
      • The New Deal: set of programs started by President Franklin D. Roosevelt that helped bring the U.S. out of the Great Depression
        • The Social Security Act of 1935
          • Benefits for retired, disabled, and unemployed
        • Public building projects
          • Created new jobs
        • More government involvement in economy
          • Rules and regulations for businesses
          • Assistance for farmers
          • Higher taxes to pay for programs
    • Germany
      • After WWI, Germany set up a democratic government
        • New government failed to solve economic problems
        • Germans lost faith in democracy
      • During the Great Depression, Germans wanted a strong leader to help with their economic problems
        • Adolf Hitler: leader of the Nazi Party and dictator of Germany from 1933-1945
          • His ideas inspired German people who were suffering under the Great Depression and the Treaty of Versailles
          • Nazism: the political beliefs of the Nazi (National Socialist German Workers’) Party
            • Promised to build a more powerful Germany
            • Called for a powerful leader (dictator) to get things done quickly
            • Blamed Jewish people for Germany’s problems
          • His harsh rule brought Germany out of the depression
    • Great Britain
      • Kept its democratic form of government
        • Voters elected a new political party to help the economy
      • economic retrenchment: cutting back on
      • other government programs and focusing
      • on economic improvement
        • More government involvement in the economy
          • Raised tariffs to protect British businesses
          • Cut back money supply to limit inflation
          • Lowered interest rates on loans to encourage spending
        • Balanced the budget (got the government out of debt)
          • Raised taxes and controlled government spending
            • Cut military spending – saved money but weakened defense ability
    • The End
      • Special thanks to:
        • Google Images
        • ClipArt
        • Ben Bindewald