The Great Depression Around the Globe 1929-1941

The Crisis Spreads Began w/NYSE crash of 1929 Spread worldwide by 1931 Industrial export-based economies like Germany and Japan were affected most Non-industrialized regions that exported raw materials (Africa, Asia, Latin America) also suffered S. African economy boomed due to worldwide demand for gold

Responses to the Depression Countries adopted unprecedented measures to deal bank failures, unemployment, etc. British, French, American govt’s all intervened in their economies, but stayed democratic Italy, Japan, Germany became authoritarian, sought solutions through military expansion

Colorado State Fairgrounds

Englewood Post Office

Post Office Mural

Red Rocks

The Stalin Revolution Joseph Stalin, Lenin’s successor, made himself dictator of the USSR in the 1930’s Soviet economy grew during 30’s as a result of Stalin’s 5 Year Plans

Cultivate Vegetables!-1930 Help Build Gigantic Factories!-1929

Many landowning peasants resisted agricultural collectivization 8 million were arrested, many executed Famine of 1933-34 caused the deaths of 5 million more

Purges of the 1930’s were designed to eliminate all threats to Stalin’s power Millions were sent to gulags By the end of the 1930’s, USSR was the 3rd largest economy in the world

The Rise of Fascism Fascist states developed in Italy (1922) under Mussolini and Germany (1933) under Hitler Dictatorship, extreme nationalism, anti-communism, and military expansion characterized both

Mussolini and Hitler