Presentation 1 between the wars

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Presentation 1 between the wars

  1. 1. Bell work Question: <br />READ pg. 750<br />“A Story That Matters”<br />Describe how some individuals dealt with the loss of their jobs and possessions.<br />4-5 complete sentences<br />Between the Wars: Section One<br />
  2. 2. Depression vs. Recession: Are we currently experiencing a depression or a recession? <br />Charts Below: Unemployment rates In the United States<br />
  3. 3. A weak league of Nations<br />Prez. Wilson realized the Treaty of Versailles(V) could cause another conflict.<br />not effective in maintaining peace.<br />U.S. did not join the league.<br />U.S. senate did not ratify the Treaty of V.<br />
  4. 4. Who are the characters? Who is the audience? What is the message<br />
  5. 5. French Demands<br />French demand strict enforcement of the Treaty of V.<br />1921—Allied Reparations Commission determined that Germany owed 132 billion Marks($)<br />German GOV is unable to pay the next year.<br />France sent troops to occupy the Ruhr Valley.<br />
  6. 6. Inflation in Germany <br />German workers strike, GOV pays them by printing more money.<br />1914---4.2 marks = 1 U.S.$<br />1923---130 Billion marks = 1 U.S.$<br />1924---4.2 trillion marks = 1 U.S.$<br />Dawes Plan- a new plan for reparation payments. Named for an American banker.<br />1. Reduced reparations<br />2. $200 million loan<br />
  7. 7. Treaty of Locarno<br />Guaranteed Germany’s new western borders w/ France and G.B.<br />Kellogg-Briand Pact- <br /> “ to renounce war as an instrument of national policy” <br />
  8. 8. Cause of the Great Depression<br />1. Uneven distribution of Income—low wages for middle class, low taxes for the rich. <br />2. Stock Market crash---buying stocks on margin.<br />3. over production of food & products.<br />4. Hawley-Smoot Tariff- raising tariff rate to the highest level in U.S. History. Loss of export sales<br />
  9. 9. Pit Stop<br />What are stocks?<br />How did many Americans buy stocks?<br />Define: margin call<br />
  10. 10. The Stock Market<br />Stock market- a system for buying and selling shares of companies.<br />Margin- using loans to buy stocks.<br />Margin call- a demand for a loan to be repaid at once!<br />Speculators- individuals that made risky investments in the stock market.<br />
  11. 11. The Stock Market Crash! %@#*<br />Black Tuesday- October 29 1929, stocks lose $10-$15 billion in value.<br />3,000 banks were forced to close because…<br />1. banks lent money to speculators.<br />2. banks invested their customers money in the stock market.<br />3. Bank runs-customers withdraw all of their money from the bank.<br />
  12. 12. Pit Stop<br />How many banks closed after the stock market crash?<br />Name the 3 causes of these bank closings?<br />

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