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The Great Depression

The Great Depression. Vocabulary f ascism lebensraum. The Great Depression. After World War I Europe was bankrupt US economically healthy BUT, new wealth not evenly distributed US loaned money to Europe Stockmarket boomed People borrowed to invest over-produced goods; prices fell.

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The Great Depression

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  1. The Great Depression Vocabulary • fascism • lebensraum

  2. The Great Depression After World War I Europe was bankrupt US economically healthy BUT, new wealth not evenly distributed US loaned money to Europe Stockmarket boomed People borrowed to invest over-produced goods; prices fell.

  3. The Great Depression October 29, 1929: market collapsed All economic indicators fell • Industrial production • Employment • Prices • Wages

  4. The Great Depression By 1933, 25% unemployment in USA • Entire world affected • Germany and Austria especially hard hit Democracies: • Increased taxes and public works programs

  5. The Great Depression Many countries chose Fascism • Promised to: • Revive economy • Punish guilty • Restore order • Promote nationalism

  6. Rise of Fascism • Promoted loyalty to state • Extreme form of nationalism • Authoritarian leader • Totalitarian

  7. Rise of Fascism Italy, 1922 • Benito Mussolini, “Il Duce”

  8. Rise of Fascism Germany, 1933 • Adolf Hitler • Used propaganda & censorship • Hitler “youth” • wanted “pure Aryan” society • target Jews for extermination • Kristallnacht, Nov. 1938 • 12 million killed

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