Presentation on theme: "Monday April 23rd The Stock Market has Crashed!. Years of Crisis Chapter 31 Section 2."— Presentation transcript:
Monday April 23rd The Stock Market has Crashed!
Years of Crisis Chapter 31 Section 2
New Democratic Nations
Weimar Republic Germany’s democratic government – Germany lacked strong democratic tradition – Several factions or parties – Blamed for war and postwar humiliation
Inflation in Germany Germany did not increase wartime tax Germany printed more money to pay for the war After the war, the mark, was worth almost nothing
For Example: Loaf of Bread 1918 – Less than a Mark Marks Billion Marks
Dawes Plan, Million Dollar Loan Goal was to stabilize German currency and strengthen its economy Set realistic schedule for Germany to pay off war reparations
Peace in Europe 1925, Germany and France met Signed treaty that they would never make war against one another Germany was admitted into the League of Nations
Kellogg-Briand Peace Pact Signed in 1928 Signed by almost every country in the world Pledged to “renounce war as an instrument of national policy.”
Kellogg-Briand Peace Pact
US Economy The United States for the most part sustained the world’s economy The Stock market was thriving in the 1920’s in the US
Tuesday, October 29 A record 16 million stocks were sold and the stock market crashed Many lost everything!
The Great Depression Businesses failed Banks closed Farmers lost their land By 1933, one-fourth of all American workers had no jobs
Unemployment Rates % From % March, % Georgia- 8.4%
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?
Fascism in Europe Chapter 31 Section 3
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
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