Wc Ch15s2

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Wc Ch15s2

  1. 1. A Global Depression Ch15s2
  2. 2. Europe After the War <ul><li>New Democracies are weak </li></ul><ul><ul><li>Russia became communist dictatorship </li></ul></ul><ul><ul><li>Countries new to democracy no strong leadership </li></ul></ul><ul><li>Germany’s Weimar Republic is weak </li></ul><ul><ul><li>Blamed for WWI losses, signed Treaty of Versailles </li></ul></ul><ul><ul><li>Inflation – paper money became worthless </li></ul></ul><ul><li>Dawes Plan –loan from American banks to slow inflation in Germany </li></ul>
  3. 3. The Great Depression <ul><li>US Economy has flaws </li></ul><ul><ul><li>Uneven distribution of wealth </li></ul></ul><ul><ul><li>Overproduction by business and agriculture </li></ul></ul><ul><ul><li>Less demand for consumer goods </li></ul></ul><ul><li>Stock Market Crash (Oct. 1929) </li></ul><ul><ul><li>Contributed to business decline </li></ul></ul><ul><li>Global Depression </li></ul><ul><ul><li>US Depression led to worldwide depression </li></ul></ul><ul><ul><li>Tariffs, less demand for goods, </li></ul></ul>
  4. 4. World Responds to Crisis <ul><li>Britain takes steps to Improve Economy </li></ul><ul><ul><li>Forms National Government, regulates economy </li></ul></ul><ul><li>France Responds to Economic Crisis </li></ul><ul><ul><li>Mostly agriculture, not hit as hard </li></ul></ul><ul><li>Socialist gov’ts in Scandinavia use cooperative community action </li></ul><ul><ul><li>Public works, higher taxes </li></ul></ul><ul><li>(US – wait till 11 th grade US history) </li></ul>

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