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Italy’s Great Depression

Italy’s Great Depression. Kenia Hernandez Genesis Casteneda Jennifer Romero Amanda Augilar Alejandro Sherman. What Is The Great Depression?. The Great Depression was a world wide economic depression that proceeded to WW II. Why the Great Depression Started?. 1929’s stock market crash

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Italy’s Great Depression

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  1. Italy’s Great Depression Kenia Hernandez Genesis Casteneda Jennifer Romero Amanda Augilar Alejandro Sherman

  2. What Is The Great Depression? • The Great Depression was a world wide economic depression that proceeded to WW II

  3. Why the Great Depression Started? • 1929’s stock market crash • Bank Failure • Reduction in purchasing and trade • Decrease in world trade (1929-1932)

  4. Great Depression in Italy • Decline in international trade. • Work hours declined • Investment decline • Wage stability

  5. Who Was Mussolini? • Benito Mussolini first known as Italian socialist that soon gained power by parliament, • Leader of fascist movement in Italy.

  6. Mussolini's Journey to Power • Mussolini became a politician in 1919 • He joined Fascist party and he joined marches -March on Rome 1921 • In November 23 1922 the king and parliament granted him power

  7. Mussolini’s Journey to Power • Mussolini began gaining power over the government • Mussolini’s oratory and popularity gained him more power those who did not join him were killed.

  8. Benito Mussolini's Journey to Power • Mussolini made an important move that gave him more political power • He signed the Lateran Accord of February 1929 • Through this the Roman Catholic Church and the Italian state made peace with each other.

  9. Mussolini’s Journey to Power • Mussolini began gaining power over the government • Mussolini’s oratory and popularity gained him more power those who did not join him were killed.

  10. Mussolini's Attempts • Battle of Wheat • Subsidizing ships • Undertook public work • Introduced protective tariffs

  11. Social Effects • Prostitution was on a rise • Health Care not a priority • Unsteady rate in market • The working class increased because children began working

  12. Political Effects • Corporatism was made to benefit the interest of the managers or companies • Labor unions were destroyed • Chamber of Corporations • Taxation • Keynesian Economics

  13. Political Effects • In 1938 replaced the Chamber of Deputies with a Chamber of Corporations • Corporatism

  14. Economic Effects • Battle of Wheat • Stock Crash • Subsidizing • Wages fell • Production fell • Exports fell • Institute for Industrial Reconstruction its purpose was to give loans to businesses that were in financial problem.

  15. Fun Facts:D • People who lost their homes often lived in what were called “Hoovervilles,” or shanty towns, that were named after President Herbert Hoover. • The Wall Street Crash of 1929 was one of the main causes of the Great Depression. “Black Thursday,” “Black Monday,” and “Black Tuesday” are all correct terms to describe the Crash because the initial crash occurred over several days, with Tuesday being the most devastating. • On “Black Tuesday,” October 29, 1929, the market lost $14 billion, making the loss for that week an astounding $30 billion. This was ten times more than the annual federal budget and far more than the U.S. had spent in WWI.e Thirty billion dollars would be equivalent to $377,587,032,770.41 today.i

  16. Fun Facts' • Suicides • Man killed his sheep b/c of GD • 50% children were suffering from hunger, shelter, and medical care • Monopoly could be rich in mind • 3 million children left school to work!!

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