The Great Depression began with the 1929 stock market crash in the United States and spread worldwide. Unemployment rose sharply in Western nations as industrial production and GDP declined. The economic crisis weakened democracies and led some countries to elect radical leaders who increased government intervention in the economy. Franklin D. Roosevelt was elected US president in 1932 and established New Deal programs that created jobs and unemployment insurance to help the American people and lead the US economy out of the Depression.

1. Part 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