1. Worldwide Depression 2/5/2019 12:20 PM
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2. Worldwide Depression/Introduction
Germany wasn’t the only country who suffered
In the 1930s, countries around the world fell into a worldwide economic depression
WHY?...

3. USA's Economic Depression
1929—USA experienced a stock market crash
Value of stocks began to drop so stockholders began to sell their stocks as fast as they could
Businesses could no longer sell their goods because people had less money to spend, so many had to close & workers lost their jobs
People couldn’t repay their loans to the bank, so they lost everything (homes, farms, etc.)

4. Worldwide Economic Depression
Businesses around the world traded with the US:
When the US stopped buying goods, it hurt businesses in other countries
When US banks closed, banks in other countries were hurt too
Stockholders in other countries could no longer sell their stocks to American companies
As businesses and factories around the world closed one by one, buying and selling almost stopped…