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Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
Great Depression
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Great Depression

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  • 1. The Great Depression By: Tom Answeeney Amber Ferger Mike Gaul and Mike Voss
  • 2. Our Task
    • Describe the cause and effect of the Great Worldwide Depression. What would have happened to people like Hitler if it never occurred?
  • 3. What was the Great Depression? depression : the state of being sad and gloomy; dejected; downcast
    • 1929-1930
    • Economic slump in North America, EUROPE , and other countries
    • Longest and most severe depression
  • 4. Causes
    • World War One
    • The Stock Market Crash
  • 5. World War One ~Long difficult war ~ Nations borrowed money from the United States ~DEBT General Cause
  • 6.
    • Capital: the wealth, whether in money or property, owned or employed in business by an individual, firm, corporation (simply put: money earned)
    • Stock: a share of a company (money raised by a company by selling shares of the company)
    Key Words
  • 7.
    • One of the Main Causes *
    • Stocks rose
    • Borrow money
    • 1929: value of a stock went way down
    • People became poor and economy suffered
    What exactly was the stock market crash? Stocks Stocks “ Black Friday”
  • 8.
    • Europeans exported goods to America
    • Stock Market Crash= not enough money for European imports
    • Europeans suffered
    How did that effect Europe? General Cause
  • 9. Overall Effects
    • Unemployment
    • Homelessness
    • Poverty
    • Decline in products
    • Collapsed economies
  • 10. Specific Places England Germany France Italy Sweden
  • 11. GERMANY
  • 12. WWI and GERMANY
    • Spent a ton of money on the war
    • Treaty of Versailles (article 231)
    • ~Blamed Germany for the war
    • ~Made them pay for it ---- debt (decrease in markets)
    Background
  • 13.
    • If Germany was in debt where did they get the money to pay for the war?
    • ~ DAWES PLAN
    Dawes Plan United States Germany France and Britain $ $ $ Background
  • 14. Germany and the Depression
    • Most affected by the Great Depression
    • Germany relied on US for the money
    • When the American economy crashed, Germany no longer had money to give to France and Britain
  • 15.
    • Cut public services to preserve money
    • Unemployment
    • Declining Productivity
    • Business failures
    • Decreased Public
    • spending
    • 1931: German banks
    • collapsed
    What happened in Germany?
  • 16.
    • Of course! To name a few…
    • Decline in economic strength as well as in national pride
    • Homelessness and inflation
    • The value of German currency declined drastically
    • Leads to Holocaust
    Were there any long term effects?
  • 17. ENGLAND
  • 18.
    • DEBT
    • Foreign investment declined
    • English banks declined—US lent money now
    • Manufacturing suffered ---loss of colonial markets
    WWI AND ENGLAND
  • 19. The Gold Standard
    • Made the pound convertible to its value in gold
    • British exports = more expensive
    • Economic recovery slowed.
    • Export industries tried to cut costs of products by lowering workers' wages
    Background
  • 20.
    • Unemployment
    • Demand for British products collapsed
    • Exports fallen 50%
    • “ National Government”
    • Raised taxes
    • Wage cuts
    • Poverty
    What happened in England?
  • 21. FRANCE
  • 22.
    • Debt
    • Postwar reconstruction
    • Some “pluses”:
    • ~acquired more machinery
    • that was more advanced
    • (competitive advantage)
    WWI and France Background
  • 23.
    • Production decreases
    • UNEMPLOYMENT!
    • Short-lived governments
    • 1934: attempted overthrow of government
    EFFECTS
  • 24. SWEDEN
  • 25. Some Causes
    • Lack of demand for goods
    • Political unrest  
    • Less spending
    • Fall in wages 
    • Labor issues
  • 26.
    • Conservative government lost power
    • Government was taken over by the Social Democrats.
    • Reduced industrial production
    • Rise in unemployment
    Effects
  • 27. What would have happened to people like Hitler if the Depression never took place?
  • 28. THE END

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