Pre-Notes Tariff – tax on imports Gold Standard – country would set and would buy and sell gold at that price Nazi Party – National Socialist German Workers’ party Totalitarian State – system in which leaders totally control how citizens thinks and live
Responses to the Depression
US blamed President Herbert Hoover
1932 - Franklin D. Roosevelt elected President
He introduces the New Deal - provides jobs and stimulate the economy
New Deal Government regulation of the banks and stock market
Government guidelines for agriculture and factories
Public building projects
(North Augusta High School – 1939-1953 – built by WPA)
Social Security and Unemployment insurance
Great Britain
Conservative Party replaces the Labor Party
They also: Passed high tariffs Raised taxes Ended the Gold Standard
Germany
Following World War I - the Weimer Republic was established - had many problems
Middle class was almost bankrupt Unemployment was high Runaway inflation
Germans were desperate to get out of trouble
Begin listening to a failed artist named Adolph Hitler
1921 - Hitler takes control of the Nazi Party
As the economy got worse - more people listened: He appealed to the people economic fears He used the hatred of the Treaty of Versailles He promised to build a new Germany
Once he gained control of the government he built a totalitarian state
Classwork What caused the depression to worsen in America? How did America, Britain, and France respond to the crisis? What problems did Germany face following World war I? What did Hitler promise the German people?