Chapter 15-2 A Worldwide Depression Learning Targets I can……………………….. 3) Describe...
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Chapter 15-2 A Worldwide Depression
Chapter 15-2 A Worldwide Depression Learning Targets I can……………………….. 3) Describe the struggles that the world faced in the 1920’s and 1930’s. 6) Describe
Learning Targets I can.. 3) Describe the struggles that the
world faced in the 1920s and 1930s. 6) Describe the connections
between the end of World War I and the start of World War II.
Slide 4
Postwar Europe
Slide 5
Kaiser William II Czar Nicolas IIEmperor Franz Joseph
Slide 6
Weimar Republic 1919 Had serious weaknesses from the start
Germany never experienced democracy before. Had many disagreeing
political parties. Most Germans blamed the Weimar Republic for
losing the war AND accepting the unfair Treaty of Versailles. The
new government made huge mistakes in attempting to solve Germanys
financial crisis.
Slide 7
Slide 8
Financial Crisis In Germany Inflation Because they did not
increase taxes, the German government simply printed money to pay
for wartime expenses. This drastically lowered the value of the
peoples money.
Slide 9
The value of the German mark (dollar) fell sharply.
Slide 10
Understanding Inflation Germany has huge war expense Government
spends more than it takes in Germany prints more money Value of the
money goes _______ Prices go ____ Government prints _______________
Economy is in danger of _________ Cycle ________
Slide 11
Attempts at Peace Kellogg-Briand Peace Pact: All major nations
agreed to renounce war. Agreement was to be enforced by the League
of Nations. The League was weak from the beginning because the U.S.
refused to join
Slide 12
The American economy continued to prosper after World War I.
The Roaring 20s
Slide 13
The U.S. economy falls into The Great Depression The Stock
Market crashes Unemployment rates rose Industrial production and
wages decreased By 1932, factory production was cut in half
Thousands of businesses failed 9 million people lost all their
savings 1/4 of all Americans lost their jobs
Slide 14
The Depression Turns Global U.S. bankers demanded repayment of
their overseas loans. American investors withdrew their money from
Europe and raised tariffs. European nations responded by raising
tariffs (taxes on imported goods). World trade dropped by 65%
Germany and Austria were the hardest hit.
Slide 15
Democracy and capitalism were heavily blamed for the worlds
economic problems. Some leaders offered hope and plans for
recovery. Franklin D. Roosevelt 1932 Began a program to reform the
American economic system called the New Deal.
Slide 16
The New Deal Large sums of government money was spent on public
works projects in order to create jobs. The government also gave
money to private businesses and farmers in an attempt to maintain
jobs. Relief programs including welfare began. FDR believed that
government spending would stimulate the economy into recovery.
Sound familiar????????
Slide 17
However, other leaders offered alternative solutions Lenin
MussoliniHitler CommunismFascism
Slide 18
Chapter 15 Section 2 A Worldwide Depression pgs. 470-475
Slide 19
Section 2 Assessment page 475 What did President Roosevelt do
to try to counter the effects of the Great Depression The Great
Depression Type the questions and answers from this slide onwards
on a word document and submit it on haikuclass.
Slide 20
Answer these questions How did WW1 change the balance of
economic power in the world? What problems did the collapse of the
American economy cause in other countries? How did Europe respond
to the economic crisis?
Slide 21
List one cause for each of the following effects: Effect
American Market for European goods dropped Unemployment rates
soared European banks and businesses closed Cause