1. World History B Mr. Marijanovich/Mr. Schabo
27.2 A Worldwide Depression An economic depression in the United States spread throughout the world and lasted for a decade.
Objectives
Describe the impact of World War I on postwar Europe.
Trace the events that led to the financial collapse of the U.S. economy.
Analyze the worldwide effects of the Great Depression.
World History B
Mr. Marijanovich/Mr. Schabo

2. Revolution in the Arts Artists Rebel Against Tradition
Artists want to depict inner world of mind
Cubism transforms natural shapes into geometric forms
Surrealism—art movement that links dreams with real life
Composers Try New Styles
Composers move away from traditional styles
Jazz—musical style that captures age’s new freedom
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3. Postwar Europe Unstable New Democracies
Fall of kingdoms, empires creates new democracies in Europe
People have little experience with representative government
Some form coalition governments—temporary, multi-party alliances
Frequent changes in government create instability
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4. The Weimar Republic
Weimar Republic—Germany’s democratic government formed in 1919
Government has serious weaknesses
Inflation Causes Crisis in Germany
Value of German currency falls dramatically
Many Germans questioned democratic government
Attempts at Economic Stability
American loans help revive German economy
Efforts at a Lasting Peace
Germany and France sign treaty pledging no more war
Many nations sign a similar agreement, the Kellogg-Briand pact (to not go to war with each other, didn’t work bro)
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5. Financial Collapse A Flawed U.S. Economy
Weaknesses in American economy cause serious problems
Wealth is distributed unevenly
Most people are too poor to buy goods produced
Factory owners cut back on production, lay off workers
Farmers produce more food than people can eat
Many farmers cannot repay loans and lose their land
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6. Financial Collapse, cont.
The Stock Market Crashes
Stock prices soar
Many people buy stocks on credit
Investors begin selling stocks, which lowers prices
On October 29, 1929, stock market collapses as prices fall very low
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7. The Great Depression Isolationists Policy
Great Depression—long business slump of 1930s
Marked by bank failures, loss of savings, unemployment
Businesses fail, farmers lose land
By 1933, one-fourth of Americans unemployed
Isolationists Policy
U.S. turns inward due to Great Depression
Stays out of foreign affairs; focuses on economic recovery
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8. The Great Depression, cont.
A Global Depression
American economic problems create problems in other countries
World trade falls sharply
Effects Throughout the World
Germany and Austria suffer greatly, as do Asia and Latin America
German hyperinflation at its finest, money is used for building blocks 
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9. Break!
Stand up if the answer is true, put up a thumb down if the answer is false:
Surrealism is art movement that links dreams with real life.
-  True
Factory owners added production which allowed businesses to hire more workers.
- False  (Factories cut back production, laid off workers)
The U.S. government stayed out of foreign affairs to focus on economic recovery.

10. The World Confronts the Crisis
Britain Takes Steps to Improve Its Economy
British voters elect coalition government, avoids political extremes
Government brings about slow, steady economic recovery
Preserves democracy by avoiding political extremes
France Responds to the Economic Crisis
France has more self-sufficient economy
Preserves democracy in spite of economic troubles
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11. The World Confronts the Crisis, cont.
Socialist Governments Find Solutions
Public works programs help Scandinavian countries recover
Raises pensions, increases unemployment insurance, provides housing subsides
Democracy remains intact
Recovery in the United States
Herbert Hoover’s administration unsuccessful at stopping recession
Recession—period of reduced economic activity
Franklin D. Roosevelt—American president during Depression
New Deal—Roosevelt’s program of government reform to improve economy
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12. The World Confronts the Crisis, cont.
Keynesian Economics
John Maynard Keynes publishes work that provides possible solution to Great Depression
Argues ways government should provide full employment:
government jobs programs
changing tax policies
modifying spending for public funding
President Roosevelt adopts Keynesian economics after recession of
What a stud!
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13. 27.3 Fascism Rises in Europe In response to political turmoil and economic crises, Italy and Germany turned to totalitarian dictators.
Objectives
Describe Mussolini's creation of a fascist state.
Discuss the rise of Hitler and the Nazis.
Discuss how Hitler’s power extended and grew.

14. Fascism’s Rise in Italy
Fascism is new, militant political movement
Emphasizes nationalism and loyalty to authoritarian leader
Mussolini Takes Control
Italians want a leader who will take action
Fascist Party leader, Benito Mussolini, promises to rescue Italy
Italian king puts Mussolini in charge of government
Il Duce’s Leadership
Mussolini takes firm control of politics and economy in Italy
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15. Hitler Rises to Power in Germany
Adolf Hitler—obscure political figure in 1920s Germany
The Rise of the Nazis
Nazism—German brand of fascism
Hitler becomes Nazi leader, plots to seize national power
Mein Kampf (English = My Struggle) - Hitler‘s book detailing beliefs, goals
Hitler believes that Germany needs lebensraum, or living space (they’d want to take over parts of Europe)
Germans turn to Hitler when economy collapses
Hitler Becomes Chancellor
Hitler is named chancellor
Turns Germany into totalitarian state
Uses brutal tactics to eliminate enemies
Nazis take command of economy
The Führer is Supreme
Hitler takes control over every aspect of German life
Uses press, radio, literature, painting, and film as propaganda tools
Hitler Makes War on the Jews
Nazis deprive Jews of rights, promote violence against them
Kristallnacht (Night of the Broken Glass) signals start of eliminating Jews from German life
Via New York Post website
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16. Other Countries Fall to Dictators
Most of eastern Europe falls to dictators
Only Czechoslovakia retains democratic government
World splits into two camps—democratic and totalitarian
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