1. 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

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

3. The Western Democracies Stumble
Chapter 13 Section 2

4. 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. ?

5. European Debts to the United States

6. 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)

7. 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

8. 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

9. 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

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

11. Decrease in World Trade: 1929-1932

12. German Unemployment: 1929-1938

13. The Great Depression [1929-1941]

14. 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

15. 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.

16. The “New Napoleons?”