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The Great Depression Around the Globe

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1 The Great Depression Around the Globe

2 The Crash of ‘29 U.S. economy weakened by end of 1920’s
Trigger for Depression was the crash of the NYSE in1929 Global impact by 1931

3 The Crisis Spreads Industrial export-based economies like Germany and Japan were affected most Non-industrialized regions that exported raw materials (Africa, Asia, Latin America) also suffered S. African economy boomed due to worldwide demand for gold

4 Responses to the Depression
Govt’s adopted unprecedented measures to deal w/bank failures, unemployment, etc. British, French, American govt’s all intervened in their economies, but stayed democratic Italy, Japan, Germany became authoritarian, sought solutions through military expansion

5 The Stalin Revolution Joseph Stalin, Lenin’s successor, made himself dictator of the USSR in the 1930’s Soviet economy grew during 30’s as a result of Stalin’s 5 Year Plans

6 Cultivate Vegetables!-1930
Help Build Gigantic Factories!-1929

7 Many landowning peasants resisted agricultural collectivization
8 million were arrested, many executed Famine of caused the deaths of 5 million more

8 Purges of the 1930’s were designed to eliminate all threats to Stalin’s power
Millions were sent to gulags By the end of the 1930’s, USSR was the 3rd largest economy in the world

9 The Rise of Fascism Fascist states developed in Italy (1922) under Mussolini and Germany (1933) under Hitler Dictatorship, extreme nationalism, anti-communism, and military expansion characterized both

10 What is fascism? A modern political ideology that seeks to regenerate the social, economic, and cultural life of a country by basing it on a sense of national belonging or ethnic identity. Historians disagree about its application – only specific to a single person? Or can it be more broadly interpreted? Italy, Germany, Japan, China

11 Benito Mussolini - Italy
Before & during most of WWI – journalist Support the worker Becomes a socialist, but is kicked out of the Italian Socialist Party Creates the National Fascist Party in1921 Consolidation of Power

12 Adolf Hitler - Germany Member of army during WWI
Post WWI – Joined the German Workers Party Economic Disorder Nazi Party Anti-Semitism & Discrimination Lebensraum Sudetenland

13 Japan’s aggression Road to liberalization Great Depression & response
Take over part of China Manchukuo

14 Causes of WWII Treaty of Versailles Failure of the League of Nations
War Guilt Clause Reparations Disarmament Territorial Clauses Not all countries join The League had no power The League had no army Unable to act quickly


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