1. Prosperity, Depression, and the Rise of Fascism
In this lesson, students will be able to define the following terms:
Prosperity during the Twenties
The Great Depression
Fascism
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2. After World War I, the former imperial governments of Germany, Russia, Austria-Hungary, and Ottoman Turkey were gone. New states also emerged.
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3. In Europe, the first years after the war were not easy
In Europe, the first years after the war were not easy. Farms, cities, and railroad lines had been destroyed. Europeans had to rebuild and recover from the war.
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4. Unlike Europe, the United States emerged from the war as the world’s greatest economic power. American prosperity eventually spread to Europe and the rest
of the world.
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5. gained the right to vote and enjoyed
The 1920s also saw the expression of new values. Women in the United States, Great Britain, and many other countries
gained the right to vote and enjoyed
greater freedom
than ever before.
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6. In 1929, a stock market crash in New York started a chain reaction that sent the American economy into a depression. It was so severe that it was called the Great Depression.
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7. 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?

8. 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?

9. A. American Industry too Dominant
Europe too dependant on the U.S.
What will happen to Europe if the American Economy falls apart?

10. 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?

11. H: High Protective Tariff
Tariff= tax on imported (foreign) goods.
Difficult for countries to trade with each other

12. A depression is a severe economic
contraction in which large numbers of
businesses fail and many workers are unemployed over an extended period of time. Many American banks recalled loans from
Europe.
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13. European production slowed down and unemployment increased. Europeans
bought less goods
from their African and
Asian colonies. The
depression spread
worldwide.
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14. identify similar systems
Benito Mussolini was
the first person to use
the term Fascism.
Fascism refers to a
political system that
appeared in Italy
after World War I.
Fascism is also used to
identify similar systems
such as Nazism in
Germany.
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15. The economic devastation caused by the Great Depression increased
the popularity of
Fascist ideas.
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16. Fascists were extreme nationalists
Fascists were extreme nationalists. They believed that the highest value was the nation. They believed that their nation was superior to other nations. Fascists were also strongly opposed to Communism.
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17. Fascists believed that a single all-powerful leader, like Mussolini
or Hitler, could best represent
the national will and lead the nation.
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18. Fascists used violence to defeat their
political enemies. They believed war
was necessary for national expansion.
Fascists glorified war.
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19. Questions for Reflection:
Describe life in the United States after the first World War?
What were the causes of the Great Depression?
How did the Great Depression affect people?
Define Fascism.
Why did Fascism become increasingly popular during the Great Depression?
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