The Time Between the Wars

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The Time Between the Wars

• The Roaring 20s and the Great Depression

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The Great Depression

• When the United States stock market crashed on
  October 29, 1929, the worlds economy collapsed.

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The Early 1930s

• nations struggled through depressions
• businesses went broke
• millions of people were out of work
• banks closed
• poverty spread throughout the world
• The climate was perfect for the rise of dictators
  such as Adolf Hitler (Germany) and Benito
  Mussolini (Italy).
• This period is known as the Great Depression.

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London in 1930
Paris in 1930
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United States

• October 29, 1929 (the day the US stock market
  fell) is known as Black Tuesday.
• Many investors lost everything
• At one point, ¼ of all Americans were unemployed.
• Breadlines and soup kitchens were set up to feed
  the poor.
• Many of the urban poor lived in shanty towns
  called Hoovervilles (named after President
  Herbert Hoover, the president at the time of the
  beginning of the Great Depression).

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Germany

• Germany depended heavily on American loans.
• The Wall Street Crash (Black Tuesday) placed more
  pressure for Germany to repay US loans.
• rampant hyperinflation useless currency
• massive unemployment (5 million in 1932, 20 of
  total population)
• production fell 40
• Germany turned to Adolf Hitler and the Nazi Party
  to solve the German economic crisis.

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The deutschmarkGermanys currency
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The deutschmark in 1923 was only good for making
kites
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and burning in a stove for heat.
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• Germans wanted someone
• to blame for their misfortune.
• The Nazi party offered
• Jews as the scapegoat.
• Children were often
• organized in youth groups
• and taught Nazi dogma.

• Germans were told to boycott Jewish businesses.
• Kristallnacht (the Night of Broken Glass) was a
  night of destruction aimed at Jewish homes and
  businesses.

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Who will save Germany?

• http//www.5min.com/Video/Adolf-Hitlers-Rise-to-Po
  wer-516911251

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