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Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
Comparative History
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Comparative History


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    Sayda Vega
    History 141
    Class # 50587
    *The Great Depression was the time in which the American economy dramatically descended during the 1920’s
    *It lasted for many years until the beginning of World War II in 1939.
    *It is believed that the Great Depression started with the crisis of the New York Stock Exchange of October 29, 1929.
    *There is no doubt that this event was a devastating impact for the American nation.
    *“Between 1929 and 1933 over 11,000 American banks failed, and almost every person was unemployed.”
    *There were stronger central governments as a result of the Depression.
  • 3. *Herbert Hoover was a Republican president of the U.S elected in 1928.
    *The “trade cycle” of boom and slump was common in the 19th Century.
    *The world economy, technology and globalization increased since the Industrial Revolution.
    *Globalization stopped advancing during the years of war.
    *The United States experienced a huge amount of migrants before the years of war and Great Depression.
    *Prices collapsed everywhere.
    *The years of 1932 and 1933 are said to be the worst period of the slump.
    *According to historical records this has been the worst economic catastrophe in the world.
  • 4. *Incredible lack of social security and unemployment relief.
    *”When world trade fell by 60% states found themselves building high barriers to protect their national markets.”
    *Economic liberalism was also affected by The Great Depression.
    *Priority on social considerations rather than economic considerations in state policies.
    *John Maynard Keynes (1883-1946) was a British economist during this time.
    *As a consequence of the Great Depression, installation of welfare systems had to be implemented.
  • 5. *The United States was the largest economy nation in the world by 1913
    *The United States gained not only the popularity of being the world’s greatest industrial producer, it turned to be the world’s greatest creditor after war.
    *Some countries of the Americas ended up being worldwide lenders.
    *When The Great Depression arrived, the U.S’s exports severely decreased.
    *Periodic crisis and settlements under American patronage.
  • 6. *According to the author of the second article, “The U.S. did not much need the rest of the world.”
    *“The second perspective on the Great Depression fixes on the failure of the world economy to generate enough demand for lasting expansion.”
    *The fundamentals of success of the 1920’s were not stable.
    *“The Great Depression confirmed activists, intellectuals and ordinary citizens in the belief that something was fundamentally wrong with the world they live in.”
    *J.M. Keynes became the most influential economist during that time.
    *The Great Depression was a catastrophe that destroyed people’s hope.
  • 7. World war II
    *The war started in 1939 and reached America in 1941.
    *Mobilization for war ended the Great Depression.
    *The World War II ended the American isolation.
    *Japan ended up being the world’s economic and political center and rival of America.
    *David Dimbleby and David Reynolds were the authors of the first essay.
    *Adolf Hitler, the Nazi leader of Germany played an important role.
    *At the beginning of war, President Roosevelt declared the nation neutral.
  • 8. *Although the U.S. remained neutral, it permitted the sale of arms and provisions to England in a “cash-and-carry” basis.
    *There is people who believe that World War II could have been avoided.
    *Adolf Hitler came to power in 1933.
    *An important allied of Adolf Hitler and his Nazi movement was the Italian dictator Mussolini.
    *President Roosevelt considered that he could use the U.S influences to maintain peace.
    *The U.S. didn’t want to get involved into world affairs due to the big problems caused by the Great Depression.
  • 9. *Neville Chamberlain became the Prime Minister in May 1937.
    *He tried to talk to Hitler and Mussolini to come up with an agreement.
    *Meanwhile the American trade still was declining.
    *August 31, 1939 Hitler invaded Poland and three days later Britain and France declared war.
    *The Phony War: period of inactivity.
    *Winston Churchill requested President Roosevelt’s help.
    *Roosevelt wanted, “ninety-nine year leases on eight British possessions in the Americas to build air and naval bases” in exchange of America’s help.
    *Churchill had no other option but to accept Roosevelt’s offer.
    *Many American people didn’t want to get involved in Britain’ war.
  • 10. *America declared war on Japan and Hitler declared war on America.
    *Japan attacked the Pearl Harbor in December 1941.
    *”Japanese were looked upon as something subhuman an repulsive, the way people feel about cockroaches of mice.”
    *No one expected the attack and power of Japanese
    *Japanese people always suffered of discrimination and racism.
    *The genocide of Jews by Hitler was a perfect example of racism.
    *Japanese were looked up as subhuman.
    *”They were little men inferior to white.”
  • 11. *Japanese were considered primitive, childish and mad.
    *Sometimes they were portrayed as supermen.
    *Japanese became the nightmare came true for its enemy nations thanks to their attacks in World War II.
    *Before the attack on Pearl Harbor, people tended to think that Japanese could not shoot, sail or fly.
    *Everybody underestimated the Japanese’s capacity to keep fighting and the damage they could provide.
    *August 1945 Japan was surrounded.
    *Japan appeared three decades later as an economic superpower.