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1932 HIT SONG
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The Great Depression C.R.A.S.H
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Open to the WWII Openings page in your binder
Read p.794 Which candidate would you choose and Why?
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Meals during the Great Depression
Mayonnaise Sandwiches Ketchup Sandwiches Sugar Sandwiches Anything sandwiches…… Road Kill Gophers Squirrel Rice and milk with sugar Chicken Feet
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The World Wide Depression was caused by a:
C.R.A.S.H.
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C: Credit Expands People bought goods they couldn't afford on credit
What will happen if people suddenly lose their jobs after paying for things on credit?
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German Industry gone after WWI
R. Reparations German Industry gone after WWI Why would this destroy the German Economy? Where will Europe buy products if they can’t buy them from Germany?
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A. American Industry too Dominant
Europe too dependant on the U.S. What will happen to Europe if the American Economy falls apart?
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S. Stock Market Crash- Oct. 29,1929
U.S. stock CRASHED Business and banks close What will happen to Europe now that the U.S. economy is collapsing? Why?
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H: High Protective Tariff
Tariff= tax on imported (foreign) goods. Difficult for countries to trade with each other
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Global Depression: Background--1920’s
European nations rebuilding from war Most European nations were bankrupt Supported by loans from U.S. Democracies unstable—led to totalitarian leadership in times of crisis In the late 1920’s, the world economy was like a house of cards— Key card = American prosperity
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Create a chart on your paper that looks like this
GLOBAL DEPRESSION CAUSES Long Term: Immediate: EFFECTS Immediate: Long Term:
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Causes of the Depression
LONG TERM World economies connected Huge war debts from WWI Reliance on American loans & investments Prosperity built on borrowed $$ Unequal distribution of wealth
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Causes of the Depression
IMMEDIATE Crash of NY Stock Market Banks demand repayment of loans Farms & factories fail
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Effects of the Depression
IMMEDIATE Worldwide unemployment Bankruptcy of businesses & banks Governments step in to protect economies Citizens lose faith in capitalism & democracy Need for strong, effective leadership Pictured above, unemployed workers in Paris wait in line for free bread.
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Effects of the Depression
LONG TERM Nazis take control of Germany Fascists come to power WWII breaks out Pictured above, unemployed workers in Paris wait in line for free bread.
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RESPONSE OF WORLD LEADERS
WESTERN DEMOCRACIES FASCISM or NAZISM
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RESPONSES OF WORLD LEADERS
FASCISM or NAZISM One-party rule Urge public sacrifices to fix problems Command economy Expansion & Militarism seen as solution Workers employed to build factories, highways & weapons and to serve in military WESTERN DEMOCRACIES Economic controls Tariffs Bank & Stock Market regulations No political extremes Social reforms: unemployment insurance housing subsidies welfare benefits Increased taxes Public works projects
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3 Little Pigs Cartoon became very popular in 1933.
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Crime On a huge rise Bonnie and Clyde Pretty Boy Floyd
Machine Gun Kelly Dillinger
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Charismatic leader of Italy - Fascist
Benito Mussolini Charismatic leader of Italy - Fascist
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NAZISM = German brand of FASCISM
Swastika: means “well-being” in Sanskrit Adolf Hitler Hitler Youth members salute der Führer (leader) at a 1930’s rally. Hitler skillfully used mass rallies to generate enthusiasm
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Dictatorships seen as the only way to prevent instability
The Rest of Europe European governments that did not have strong traditions in democracy fall to dictatorships Dictatorships seen as the only way to prevent instability By the end of the 1930’s, world split into 2 camps democratic & totalitarian
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