Global Depression US depression affected the world High tariffs decreased world trade by 65% Germany and Austria were particularly hard hit
Franklin D. Roosevelt, Elected 1932 “This great Nation will endure as it has endured, will revive and will prosper…let me assert my firm belief that the only thing we have to fear is fear itself----nameless, unreasoning, unjustified terror which paralyzes needed efforts to convert retreat into advance.”
The New Deal Program of government reform Government spending would help boost economy – Public work projects – Welfare and relief programs – Reforming stock market
What do you think about government spending to boost the economy?
Many are upset with the peace treaties after WWI Many are upset by the Great Depression Many have lost faith in Democracy Looking for something else to better the economy and their government
Setting the Stage in Europe… Many are upset with the peace treaties after WWI Many are upset by the Great Depression Many have lost faith in Democracy Looking for something else to better the economy and their government FASCISM
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