America Compared The Great Depression Rebecca Thomas
The Worldwide Economic Despair of the 1930’s
It is wildly known that the Great Depression in America began on “Black Tuesday,” October 29,1929 when the New York stock market crashed. However, the economic depression that followed was not isolated in America. Some European countries were hit even harder because they hadn’t recovered from WWI. Other countries like Brazil and India were hurt by plummeting crop prices. It was during this worldwide turmoil that authoritarian governments took control in Germany, Italy, and Japan. The whole world struggled with unemployment and a pattern of plunging production and prices. The repressive and militaristic regimes of Germany, Italy, and Japan ended unemployment in their countries; but caused voluminous other problems.
Comparison of Roosevelt’s and Hitler’s Economic Policies
During a depression the people will turn to confident and charismatic political leaders. This is exactly what happened in both the United States and Germany. Franklin Roosevelt and Adolf Hitler were two men who represented the same hope in their separate nations. In fact, Roosevelt’s New Deal and Hitler’s Third Reich were remarkably similar. Both economic policies established government work programs, youth camps, farm subsidies, and rural re-settlement. Neither political leader was fully able to solve the problem of the Great Depression but both men’s sense of action, confidence, and purpose, along with persuading propaganda, kept the masses on their side and helped carry their people through the economic turmoil.