1. Jessica Manrique Period #3 Mr. Marshall AP World History
The Great Depression
Jessica Manrique
Period #3
Mr. Marshall
AP World History

2. The Great Depression All over the world

3. The Great Depression: Social
America's "Great Depression" began with the dramatic crash of the stock market on "Black Thursday", October 24, 1929 when 16 million shares of stock were quickly sold by panicking investors who had lost faith in the American economy. (Armstrong, 244)
The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world, It was the longest and most severe depression ever experienced by the industrialized Western world. (
Social:
During the Great Depression, due to the shortage of money many families split up or migrated from their homes in search of jobs. (
In 1933, nearly 25% of the Nation's total work force, 12,830,000 people, were unemployed. . (Armstrong, 244)
Many people came to depend on the government or charity to provide them with food. (
Wage income for workers who were lucky enough to have kept their jobs fell almost 43% between 1929 and (
In Germany unemployment reached 6 million in 1932, twice as high as in Britain. (Bulliet, 772)
Many farmers lost their homes and land, and Many went hungry. (Bulliet, 769)
Over all, the Great Depression affected people from all over the world.

4. The Great Depression:Economy
The Depression became a worldwide business slump of the 1930's that affected almost all nations. It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imported goods . (
World war I was shockingly expensive, many countries spend money at a level that they had never experienced before. United states became the major center of credit to Europe during and after the war. The economies of France and Germany relied on the American credit. (Armstrong, 244)
When the U.S stock market crashed in October 1929, New York banks called in their loans to Germany and Austria. Without American money, Germany and Austria stopped paying reparations to France and Britain, which then could not repay their war loans to America. By 1931 the depression had spread all over Europe, Governments canceled reparations payments but it was too late to save the world economy. (Bulliet, 772)
The great depression lead to the decline of the global industrial production by 36 percent between 1929 and 1932, and world trade dropped by 62 percent. (Bulliet, 772)
Countries that depended on exports were hard hit by the depression, for example sugar from the Caribbean, coffee from brazil and Colombia, tin from Bolivia etc. (Bulliet, 773)
France and Britain weathered the depression by making their colonial empires purchase their products rather than the products from other countries. (Bulliet, 772)

5. The Great Depression: Political
The massive economic upheaval profound political repercussions. Nationalist everywhere called for autarchy, or independence from the world economy. Many people in the capitalist countries began calling for government intervention in the economy. (Bulliet, 773)
Because of the Great Depression Some nations changed their leader and their type of government for example in Germany, poor economic conditions led to the rise to power of the dictator Adolf Hitler. (
In the United States, President Herbert Hoover held office when the Great Depression began. Franklin D. Roosevelt was elected President in Roosevelt's 'new deal' reforms gave the government more power and helped ease the depression. Under President Roosevelt the federal government took on many new responsibilities for the welfare of the people. (
The Great Depression ended as nations increased their production of war materials at the start of World War II. This increased production provided jobs and put large amounts of money back into circulation. (Armstrong, 244)
The Great Depression tested the fabric of American life as it had been seldom tested before or has since. It caused Americans to doubt their abilities and their values. It caused them to despair. But they weathered the test, and as a Nation, emerged stronger than ever.
The Great Depression lead to the spawning of such innovations like national old-age pensions, unemployment compensation, federally-subsidized school lunches, the minimum wage, and stock market regulations. (

6. Bibliography
"About the Great Depression." Welcome to English « Department of English, College of LAS, University of Illinois. 28 Mar <
Bulliet, Richard W. Pamela Kyle Croosley, Daniel R. Headrich, Steven W. Hirsh, Lyman L. Johnson , David Northrup. The Earth and its Peoples: A Global History Third Edition. Boston, New York: Houghton Mifflin Company, 2005.
Cracking the AP World History Exam, 2009 Edition. Princeton: Princeton Review, 2008
"The Great Depression." 42explore2 Temporary Index Page. 28 Mar <
"The Great Depression: A Brief Overview." Welcome to Innovative Teaching Concepts - Providing the educational community a resource for curriculum. 28 Mar <
"The Great Depression." Digital History. 28 Mar <
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