The document discusses the worldwide Great Depression that began with the 1929 crash of the New York Stock Exchange. It describes how economies around the world were affected by the crisis as demand could not keep up with overproduction. The overexpansion of consumer credit contributed to the economic collapse. Both Roosevelt and Hitler rose to power during this period by promising to revive their countries' economies and lead their desperate people, though Hitler took it to an extreme.

1. The downturn of worldwide economyThe Great Depression

2. Into the Economic AbyssThe Great Inter-war Depression: between the wars the capitalist world economy appeared to collapseAge of Catastrophe, 1913 - 1942: economic growth ceased to continue developingBlack Tuesday: New York Stock Exchange crash of October 29, 1929Economies all over the world are affected by the crisis

3. Into the Economic AbyssWWI became the world’s greatest industrial producer, but also the world’s greatest creditorIn 1929, the U.S. produced over 42% of total world output…only to be affected by the DepressionDemand could not keep up with the supply: the result was overproduction……a lagging expansion of demand had been “beefed up” by means of an enormous expansion of consumer credit.Banks failed

4. Roosevelt and HitlerRoosevelt: president through most of the Depression and creator of the New Deal, aimed at reviving the economyHitler becomes chancellor of Germany – two of the world’s biggest powersBoth worked towards bettering the lives of their desperate, disillusioned people, perhaps elevating each to a too-high level (namely Hitler)The people, desperate, just wanted someone to lead them, which Roosevelt and Hitler did