Monday, February 3rd Turn in your essay Take your seat 1920’s: The U.S. vs Germany Essay Order: (Top) Essay Outline Prompt/Thesis Work Turn in your essay Take your seat Take out your Notebook Precious Time

Today’s Agenda Essential Question / Share FN: 13-2 “Western Democracies Stumble” Homework: Study guide questions 13-15 Finish Any incomplete notebook assignments

The Western Democracies Stumble Chapter 13 Section 2

Today’s Standard Essential Question Abbreviated Version: 10.6.1Analyze the effects of WWI and understand the widespread disappointment with post WWI pre-WWII gov’ts Topic – The Great Depression Essential Question Identify and explain three causes of the Great Depression and how it effected the United States and Europe. ?

European Debts to the United States

Causes of the Great Depression World economy was like a house of cards U.S. (key card) has 3 weaknesses: Uneven distribution of wealth surplus of goods (American manufacturers make too much stuff) Investors buy stock on margin (10% its actual value)

Stock Market Crashes Black Tuesday - stock market crashed Oct. 29, 1929 B/C people panic that most stocks were over-valued 16 million shares sold - most at a huge loss Global depression results – world trade drops by 65% Banks and businesses fail; people loose their land and homes 2. Stability of world economy rested on U.S.; 1929 U.S. turning out nearly half of world’s industrial goods

Economic Explanations John Maynard Keynes (an economist) said gov’ts lack of interference led to depression Gov’ts lack of response made depression worse Future depression can be prevented by gov’t spending money to create jobs and help businesses

Great Depression in US Highest unemployment ever Farms in South East devastated refuse to rotate crops in order to make more money Result = topsoil turns to dust Massive migration to California and North

The Great Depression [1929-1941] London in 1930 Paris in 1930

Decrease in World Trade: 1929-1932

German Unemployment: 1929-1938

The Great Depression [1929-1941]

World Responds to the Crisis World gov’ts create jobs and welfare programs In US, Roosevelt launches New Deal in 1933 public works welfare regulations imposed on banking system & stock market

Brother Can you Spare a Dime As you listen think about how this song is different then the one from the 1920’s. Quick-Write – Explain how this song represents the social and economic problems of the 1930’s.

The “New Napoleons?”