The Great Depression

1
The Great Depression
2
The Depression

• The Wall Street stock-market crash of 1929
  precipitated the Great Depression,
  ___________________________ ______________________
  __________. The depression had devastating
  effects on the country. Many banks couldn't
  continue to operate. Farmers fell into
  bankruptcy. A quarter of the working force, or
  _______ __________________________________________
  , and this was only the beginning. The depression
  lasted over a decade, with hundreds of thousands
  of Americans losing their jobs, businesses
  failing, and financial institutions collapsing.

3
How it happened

• Firms cut back their plans for further purchase
  of producer durable goods (materials) firms
  making producer durables cut back production
  out-of-work ______________________________________
  __________________________________________________
  ___), and firms making consumer durables faced
  falling demand as well.

4
Work cycle in U.S.

• Workers were idle because firms would not hire
  them to work their machines firms would not hire
  workers to work machines because they saw no
  market for goods and ____________________________
  ______________ ___________________________________
  ___________.

5
In a nut shell.

• The Depression became a worldwide business slump
  of the 1930's that affected almost all nations
  ________________________________________
  __________________________________________________
  __________________________________________________
  ____________________________. Some nations
  changed their leader and their type of
  government. In Germany, poor economic conditions
  led to the rise to power of the dictator Adolf
  Hitler. The Japanese invaded China, developing
  industries and mines in Manchuria. Japan claimed
  this economic growth would relieve the
  depression. This militarism of the Germans and
  Japanese eventually led to World War II
  (1939-1945).

6
In a nut shell

• In the United States, President Herbert Hoover
  held office when the Great Depression began. The
  economy continued to slump almost every month.
  Franklin D. Roosevelt was elected President in
  1932. Roosevelt's ____________________ gave the
  government more power and helped ease the
  depression. ______________________________
  __________________________________________________
  _________________. This increased production
  provided jobs and put large amounts of money back
  into circulation.

7
Why did the world experience depression in the
1930s?

• Causes of worldwide depression
• ___________________________
• Expansion of production capacities and dominance
  of the United Sates in the global economy
• High protective tariffs
• ______________________________
• Stock Market Crash (1929)

8
What political changes resulted from the
worldwide depression?

• Impact of world depression
• _____________________________________________
• Bank failures and collapse of credit
• __________________________________________
• Nazi Partys growing importance in Germany Nazi
  Partys blame of European Jews for economic
  collapse

9
Key Terms

• Stock Market
• Black Thursday
• Welfare and Public Works
• Franklin D. RooseveltNew Deal

10
Essential Understanding

• A period of uneven prosperity in the decade
  following World War I (1920s) was followed by
  worldwide depression in the 1930s. Depression
  weakened Western democracies, making it difficult
  for them to challenge the threat of
  totalitarianism.
• Totalitarianism _________________________________
  ______ ___________________________________________
  __________________________________________. This
  govt seeks to control all economic and political
  matters, the attitudes, values, and beliefs of
  its population, erasing the distinction between
  state and society. The citizens duty to the
  state becomes the primary concern of the
  community, and the goal of the state is the
  replacement of existing society with a perfect
  society.