1. “THE Collapse and Recovery of Europe”
The Great Depression
AP World History
Chapter 21
“THE Collapse and Recovery of Europe”
( s)

2. Industrial Capitalism
Benefits:
Created the most substantial economic growth in the 19th century
Provided opportunities for wealth and social advancement
Problems:
Promoted individualistic materialism
Created vast social inequalities
Unstable system  cycles of boom and bust, expansion and recession

3. 19th Century Japan Bellwork
Why did Japan open up the West in the 1850’s?
The arrival of the U.S. Navy
What are two way the Japanese government helped bring about industrialization?
Build Infrastructure, open factories, open other enterprises(coal, iron, ect)

4. WWI Bellwork
What are three adjectives you would use to describe Trench warfare?
Answers Vary
What were two punishments given to Germany by the Treaty of Versailles?
Total responsibility for war, War reparations, Give up ALL colonies, Loose territory in Europe, Disarm

5. Objectvie
WWBAT: Introduce the causes of the Great Depression and government attempts to respond to the economic crisis
WWBAT: Gather information on the rise of Totalitarian Dictators

6. Interactive Notebook Set Up
4/25/2016
The Great Depression
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7. Interactive Notebook Set Up
4/25/2016
Russian Revs Chart
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8. Lead up to the Great Depression
Capitalism Challenged
The New Deal

9. Problems in Germany
The punishment of Germany goes too far and cripples their post-war economy in 1923
Hyperinflation occurs
German money is worthless (when the general price level rises, each unit of currency buys fewer goods and services)

10. Lead up to the Great Depression
U.S. was physically untouched by WWI
1920s farms and factories were producing more goods than could be sold
Unequal income distribution in U.S. meant many Americans did not have enough money to buy these products
Line to a Soup Kitchen

11. Lead up to the Great Depression
Many European countries could not afford to buy these goods either
Germany and Austria had to make reparations payments and needed U.S. loans to make them
Britain and France were in debt to the U.S. from money they borrowed during WWI
Europeans began producing their own products again as their economies recovered
This reduced demand for American products

12. Lead up to the Great Depression
Countries and colonies dependent on 1-2 products could be hit hard by economic issues
These areas were hit especially hard by the Great Depression
Example: Chile = dependent on copper exports  value of its copper cut by 80%
Cocoa farmers in Ghana = badly hurt as prices of “luxury” and “commodity” goods dropped

13. Lead up to the Great Depression
October 1929 the U.S. stock market crashed
Stock prices plummeted
“Paper” fortunes were wiped out
Banks and businesses closed
People lost their savings
World trade dropped 62% in a couple of years
People lost their jobs causing unemployment tosoar

14. The New York Stock Exchange in October, 1929

15. Why was the stock market crash such a big deal?

16. The Great Depression Emergence of: Vacant factories Soup kitchens
Bread lines
Shantytowns
Homeless people and beggars

17. The Great Depression Worldwide phenomenon
Spread from America to Europe and beyond
Lasted about 10 years
A Run on a Bank in Berlin

18. Capitalism Challenged
Major result of the Great Depression capitalist countries were challenged and criticized
Capitalist countries claimed the economy would regulate itself and self-correct if any problems arose
But this wasn’t happening during the Great Depression

19. Capitalism Challenged
Some countries became interested in communism and looked twice at the Soviet Union
Many Western European countries adopted “democratic socialism”
Caused many nations to turn to greater government regulation of the economy and a more equal distribution of wealth through peaceful means and electoral politics

20. The New Deal Franklin D. Roosevelt’s New Deal Program (1933-1942)
Combination of reforms designed to restart economic growth and prevent problems in the future
There was heavy government investment in projects dams, highways, bridges, parks, etc.
Created social security system
Federal minimum wage

21. The New Deal
Various relief and welfare programs to aid the poor, unemployed, and elderly
Support for workers and labor unions
Government subsidies for farmers to encourage more production
Creation of new government agencies to help supervise the economy