1. German Weimar Republic

2. Europe After WWI After WWI, the Idea of Self Determination gave many countries Independence for the First Time Most Countries had no Experience with Self Rule or Democracy

3. In Germany, The Weimar Republic New Germany Government Formed 1919 Democratic Republic Capital was Weimar Germany Serious Problems in the Weimar Republic No Experience Germans Blame the Weimar Gov. for Losing WWI BIG Economic Problems

4. Weimar Germany, INFLATION DEBT Wartime Spending War Reparations Germany’s “Solution”….Print More Money Causes INFLATION & HYPERINFLATION Bread Prices 1918- 1 mark 1922- 160 marks 1923- 200 billion marks

5. Recovery….Almost The German Economy Recovered Slowly During the 1920’s By 1929 Germany was Producing the Same Amount of Goods as Before WWI BUT…….October 1929…… Great Depression Starts Germany is Very Hard Hit

7. The Great Depression October 1929-----Beginning of Great Depression (1929-1941) Worldwide Economic Collapse Starts in the United States, Spreads Worldwide Helped Cause Word War II

8. Causes of the Great Depression Large Gap in Wealth Rich vs. Poor, Very Few in the Middle Overproduction and Underconsumption To Much Supply, Not Enough Demand Stock Speculation and Buying on Margin Borrowing Money to Buy Stock Tuesday October 29, 1929 (Black Tuesday) U.S. Stock market Crashes

9. Great Depression Spreads Worldwide Production Is Cut in Half Banks Close Businesses Close Unemployment Rate Soars Worldwide Savings Are Lost Houses and Farms are Lost “If The U.S. Economy Sneezes, The Rest Of The World Catches A Cold”

10. England’s Response England’s Economy Depends on Trade England’s Actions High Tariffs Raise Taxes Control the Supply of Paper Money Lower Interest Rates All of this Led to a Slow and Steady Recovery

11. France’s Response France’s Economy was More Self-Sufficient Not Hit as Hard by the Depression 1 Million Unemployed France’s Actions Increased Wages Payed Holidays 40 Hour Work Week Prices Rose & Unemployment Remained High

12. “Socialist” European Countries Respond Denmark’s, Sweden’s, and Norway’s Actions Public Works Projects Pensions for the Elderly Increased Unemployment and Welfare Benefits Taxes Were Raised to Pay For All of This

13. The United States’ Response Roosevelt’s Plan…The New Deal Relief, for those Suffering Recovery, for Business and Economy Reform, to Ensure this Does Not Happen Again Large Public Works Projects and Increased Government Spending

14. Other Countries Respond With Totalitarian Dictatorship Other Countries in Europe are Desperate, and Look for any Solution to the Great Depression Fascism, Totalitarianism, Nazism Rise in Europe Italy (Fascist)…Mussolini Germany (Nazis)…Hitler Soviet Union (Totalitarian Dictatorship)…Stalin