1. Agudelo, Daniel 3/31/09 Per. 3 Mr. Marshall
The Great Depression
Agudelo, Daniel
3/31/09
Per. 3
Mr. Marshall

2. Where the great Depression hit

3. Even Here…

4. The Origins…
In the aftermath of WWI, many countries began to loan money from the USA to rebuild their economies. (Princeton Pg. 223)
There was a prosperity in Europe from 1924 to 1929 that was built from the loans of the Americans. (Spielvogel Pg. 742)
The Great Depression started on “Black Thursday” October 24, (Bulliet Pg. 769)
Within days, the stocks lost more that half of their value.
The Depression became a worldwide business slump of the 1930's that affected almost all nations. (
It led to a sharp decrease in world trade as each country tried to protect their own industries and products by raising tariffs on imported goods.

5. The World during the Depression
In 1930, the U.S. government imposed the Smoot-Hawley tariff, to protect American industries from foreign competition. ( Bulliet Pg. 772)
In result, other countries imposed tariffs on foreign competition and that greatly reduced export industries and it shrunk world trade.
It hit hardest in Germany and the USA. ( Princeton Pg. 224)
By 1932, U.S. manufacturing output had fallen to 54 percent of its 1929 level, and unemployment had risen to between 12 and 15 million workers, or percent of the work force. (
During 1932, the hardest hit year, one in every four British workers were unemployed and six million Germans, 40% of the workforce, were out of work. (Spielvogel Pg. 742)
In Japan, it fell hardest on the farmers and fishermen.
Short-term effects

6. Aftermath and results
Military officers seized power in several Latin American countries because of the dissatisfaction of liberal politics.(Bulliet Pg. 773)
In a domino effect, European nations followed suit and imposed total control over their economies.
Women were often able to secure low-paying jobs such as maids, and servants while men remained unemployed.
High unemployment rates among young males led them to join gangs.
Communism became popular, especially among workers and intellectuals (Speilvogel Pg. 743)
In 1932, Americans elected Franklin Roosevelt as new president ( Princeton Pg. 224)
Roosevelt's 'new deal' reforms gave the government more power and helped ease the depression. (
The only two countries that benefited from the Depression were the USSR, and Southern Africa.

7. Bibliography
Armstrong, Monty, David Daniel, Alexandra Freer, and Abby Kanarek. Cracking the AP World History Exam Edition. New York: Random House, Inc., 2006.
Bulliet, Richard W. Croosley, Pamela Kyle. Headrick, Daniel R. Hirsh, Steven W. Johnson, Lyman L. Northrup, David. The Earth and its Peoples: A Global History Third Edition. Boston, New York: Houghton Mifflin Company, 2005.
Lamb, Annette, and Larry Johnson. "The Great Depression." 42explore2 Temporary Index Page. Jan Mar <
Nelson, Cary. "About the Great Depression." Welcome to English « Department of English, College of LAS, University of Illinois. 27 Mar <
Spielvogel, Jackson J. Western Civilization. 5th ed. Vol. Comprehension. Wadsworth, 2003.