Please take out the closed notes from your blue tubs.

The Time Between the Wars The Roaring 20s and the Great Depression:

After WWI, t he devastation was immense. Who should be expected to pay for the damages?

While Germany paid, there were Cultural Developments and Influential People of the 1920s and 1930s The 1920s, also known as the Roaring Twenties, was a distinctive era because of many significant events. Changes were taking place in America society in terms of economy, politics, and fashion. Many influential individuals made a mark on American society during this decade.

After the war Post-war prosperity followed the “Great War”. In the 1920s, America was converting from a war time to a peace time economy. New inventions were created and new consumer goods helped secure the American dream for many. Americans became part of the “consumer society” as economic growth swept the nation.

The Great Depression When the United States stock market crashed on October 29, 1929, the world’s economy collapsed.

The Early 1930s nations struggled through depressions businesses went broke millions of people were out of work banks closed poverty spread throughout the world The climate was perfect for the rise of dictators such as Adolf Hitler (Germany) and Benito Mussolini (Italy). This period is known as the Great Depression.

Paris in 1930 London in 1930

United States October 29, 1929 (the day the US stock market fell) is known as Black Tuesday. Many investors lost everything At one point, ¼ of all Americans were unemployed. Breadlines and soup kitchens were set up to feed the poor. Many of the urban poor lived in shanty towns called Hoovervilles (named after President Herbert Hoover, the president at the time of the beginning of the Great Depression).

The United States had emerged from the war as the major creditor and financier of postwar Europe, whose national economies had been greatly weakened By: the war itself, war debts, And the need to pay war reparations. The Great Depression began in the United States but quickly turned into a worldwide economic slump due to the special relationships that had been forged between the United States and European economies after World War I.

Germany Germany depended heavily on American loans. The Wall Street Crash (Black Tuesday) placed more pressure for Germany to repay US loans. rampant hyperinflation = useless currency massive unemployment (5 million in 1932, 20% of total population) production fell 40% Germany eventually turned to Adolf Hitler and the Nazi Party to solve the German economic crisis. (More about that later!)

The deutschmark Germany’s currency

The deutschmark in 1923 was only good for making kites

…and burning in a stove for heat.

Effects on Europe: Almost all nations sought to protect their domestic production by imposing tariffs, raising existing ones, and setting quotas on foreign imports. The effect of these restrictive measures was to greatly reduce the volume of international trade: by 1932 the total value of world trade had fallen by more than half as country after country took measures against the importation of foreign goods.

Germans wanted someone to blame for their misfortune. The Nazi party offered Jews as the scapegoat. Children were often organized in youth groups and taught Nazi dogma. Germans were told to boycott Jewish businesses. Kristallnacht (the Night of Broken Glass) was a night of destruction aimed at Jewish homes and businesses.

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