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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

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The Great Depression 2

  • 2.  1920s- Western European economies down  US stock market crash
  • 3.  October 29, 1929  Prices of stock dropped drastically  Investors pulled funds in US and Western Europe  Banks around to world began to crash
  • 4.  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
  • 5.  Germany  4.38 million unemployed  France  Political chaos- six different cabinets  Formed Popular Front- combined Communist, Socialist, and Radical parties
  • 6.  Most effected by the Great Depression  Industrial production went down 50% by 1932  12 million unemployed
  • 7.  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
  • 8.  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