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Pre-Notes Tariff – tax on imports
Gold Standard – country would set and would buy and sell gold at that price Nazi Party – National Socialist German Workers’ party Totalitarian State – system in which leaders totally control how citizens thinks and live
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Responses to the Depression
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US blamed President Herbert Hoover
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1932 - Franklin D. Roosevelt elected President
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He introduces the New Deal - provides jobs and stimulate the economy
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New Deal Government regulation of the banks and stock market
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Government guidelines for agriculture and factories
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Public building projects
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(North Augusta High School – 1939-1953 – built by WPA)
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Social Security and Unemployment insurance
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Great Britain
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Conservative Party replaces the Labor Party
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They also: Passed high tariffs Raised taxes Ended the Gold Standard
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Germany
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Following World War I - the Weimer Republic was established - had many problems
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Middle class was almost bankrupt
Unemployment was high Runaway inflation
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Germans were desperate to get out of trouble
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Begin listening to a failed artist named Adolph Hitler
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1921 - Hitler takes control of the Nazi Party
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As the economy got worse - more people listened:
He appealed to the people economic fears He used the hatred of the Treaty of Versailles He promised to build a new Germany
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Once he gained control of the government he built a totalitarian state
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Classwork What caused the depression to worsen in America?
How did America, Britain, and France respond to the crisis? What problems did Germany face following World war I? What did Hitler promise the German people?
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