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Great Depression
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Great Depression






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    Great Depression Great Depression Presentation Transcript

    • The Great Depression By: Tom Answeeney Amber Ferger Mike Gaul and Mike Voss
    • Our Task
      • Describe the cause and effect of the Great Worldwide Depression. What would have happened to people like Hitler if it never occurred?
    • 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
    • Causes
      • World War One
      • The Stock Market Crash
    • World War One ~Long difficult war ~ Nations borrowed money from the United States ~DEBT General Cause
      • 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
      • 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”
      • Europeans exported goods to America
      • Stock Market Crash= not enough money for European imports
      • Europeans suffered
      How did that effect Europe? General Cause
    • Overall Effects
      • Unemployment
      • Homelessness
      • Poverty
      • Decline in products
      • Collapsed economies
    • Specific Places England Germany France Italy Sweden
    • 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)
      • 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
    • 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
      • Cut public services to preserve money
      • Unemployment
      • Declining Productivity
      • Business failures
      • Decreased Public
      • spending
      • 1931: German banks
      • collapsed
      What happened in Germany?
      • 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?
      • DEBT
      • Foreign investment declined
      • English banks declined—US lent money now
      • Manufacturing suffered ---loss of colonial markets
    • 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
      • Unemployment
      • Demand for British products collapsed
      • Exports fallen 50%
      • “ National Government”
      • Raised taxes
      • Wage cuts
      • Poverty
      What happened in England?
    • FRANCE
      • Debt
      • Postwar reconstruction
      • Some “pluses”:
      • ~acquired more machinery
      • that was more advanced
      • (competitive advantage)
      WWI and France Background
      • Production decreases
      • Short-lived governments
      • 1934: attempted overthrow of government
    • SWEDEN
    • Some Causes
      • Lack of demand for goods
      • Political unrest  
      • Less spending
      • Fall in wages 
      • Labor issues
      • Conservative government lost power
      • Government was taken over by the Social Democrats.
      • Reduced industrial production
      • Rise in unemployment
    • What would have happened to people like Hitler if the Depression never took place?
    • THE END