1. A Worldwide Depression After World War I, an economic depression in the United States spreads throughout the world and lasts for a decade. 1920s & 1930s

2. Post-WWI map Label the following: –Norway –Sweden –Finland –Germany –Austria –Hungary –Czechoslovakia – France –Spain –Portugal –Italy –Soviet Union –Romania –Greece –Bulgaria –Africa –Yugoslavia –Turkey –Great Britain –Ireland –Albania –Switzerland –Estonia –Latvia –Lithuania –Poland –East Prussia –Baltic Sea –Black sea –Atlantic Ocean –Mediterranean Sea Create a number key for the Following : –Netherlands –Luxemburg –Belgium –Denmark Page in book: –Pg. 426 Color your map!! On the back: answer the following questions: –List the new nations that have emerged on this map compared to previous map. –Which nations/empires now no longer exist on this map compared to the previous map? –Did any nations get bigger or smaller compared to the previous map? If yes, which ones?

3. Postwar Europe Unstable New Democracies –Fall of kingdoms –Lack of Representative governments –Some form coalition governments –Frequent changes = instability

4. The Weimar Republic Democracy in Germany Weimar Republic— Government has serious weaknesses Inflation Causes Crisis in Germany Value of German currency Attempts at Economic Stability American bank loans Efforts at a Lasting Peace Germany and France sign treaty pledging no more war Kellogg-Briand pact (Treaty)

5. Hyper-Inflation in Germany: 1923 Hyper-Inflation in Germany: 1923

6. Dawes Plan (1924)

7. Young Plan (1930) For three generations, you’ll have to slave away! For three generations, you’ll have to slave away! $26,350,000,000 to be paid over a period of 58½ years. $26,350,000,000 to be paid over a period of 58½ years. By 1931, Hoover declared a debt moratorium. By 1931, Hoover declared a debt moratorium.

8. Financial Collapse A Flawed U.S. Economy Weaknesses in American economy cause serious problems Economy Boomed in the 1920s But…. Wealth is distributed unevenly Most people are too poor to buy goods produced-- buying on credit, cut back on production = lay offs Farmers produce more food than people can eat which does what to food prices? Many farmers cannot repay loans and lose their land

9. Financial Collapse The Stock Market Crashes Causes: Effects: Oct. 29,1929: Economic Downturn: Great Depression—long business & economic slump of 1930s –Marked by bank failures, loss of savings, unemployment A Global Depression How does US depression lead to world wide depression? Effects Throughout the World Germany and Austria suffer greatly, as do Asia and Latin America

10. The World Confronts the Crisis Britain Takes Steps to Improve Its Economy France Responds to Economic Crisis Socialist Governments Find Solutions (Sweden, Norway & Denmark)

11. U.S. struggles to recover Recovery in the United States Franklin D. Roosevelt— New Deal— Government created jobs by:: Projects Business & Farmers Professionals The economy got slightly better, but recovery was slow. Ultimately, it was government spending in WWII that got the US of the depression.