Part 2

 1920s- Western European economies down
 US stock market crash

 October 29, 1929
 Prices of stock dropped drastically
 Investors pulled funds in US and Western Europe
 Banks around to world began to crash

 Unemployment throughout the western world
 Increasing government interference in economy
 Actually made matters worse
 Marxist approach by some countries
 Democracy on the defense
 People began to follow extremist leaders

 Germany
 4.38 million unemployed
 France
 Political chaos- six different cabinets
 Formed Popular Front- combined Communist, Socialist,
and Radical parties

 Most effected by the Great Depression
 Industrial production went down 50% by 1932
 12 million unemployed

 Elected in 1932 landslide
 New Deal
 Increase in public works- bridges, roads, airports
 Creation of Works Progress Administration 1935
 Employed 3 million
 Social Security Act 1935
 Old age pensions and unemployment insurance

 Countries began to turn to radical leaders
 The New Deal and FDR provided programs to help
lead the US out of the Great Depression.
 Depression would not end until the start of WWII