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1914 - 1933. The Great War, The Roaring 20s, and a World Wide Depression. The Great War / World War I. After the push for colonization in the 1800s, European Nations began to begin to fight each other.
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1914 - 1933 The Great War, The Roaring 20s, and a World Wide Depression
The Great War / World War I • After the push for colonization in the 1800s, European Nations began to begin to fight each other. • All available land had been “claimed”, so competition began to occur in trade markets and in their economies. • This led to countries creating alliances between each other. They could help their friends, and freeze out their enemies. • Basically, Europe set up a system of friendship between nations. You had friends and you had enemies. Your enemies then became your friends enemies.
Discussion Questions • Why would this system of alliances, and friendships lead to increased tension? • What would be necessary to turn this tension into War?
Assassination of Archduke Frerdinand. • A Serbian Archiduke was assassinated by an anarchist group. • This set off the systems of treaties and alliances, and eventually every major power had declared war on each other. • Central Powers: Germany, Austria-Hungry, Ottoman Empire • Allied Powers: Great Britain, France, Russia, Italy and Japan. • The theme of war, was slow moving trench style warfare. Battles were long, movement was slow, and armies stayed camped at battlesites.
US Neutrality • The US stayed Neutral (did not pick sides) • Although they didn’t send troops it was well know they were supporting the Allied Side with money and weapons. Shoulder Partner Discussion: What would need to change to force the US to join the Great War.
Zimmerman Telegram • German sends a telegram to Mexico, it attempts to convince Mexico to join the Central Powers. • In return, Germany would offer aid and assistance to Mexico. • Also, offeres to return the land America took in the Mexican-American War back to Mexico (Texas, New Mexico, Utah, Nevada, California) if they win. • The US intercepts this telegram.
Lusitania • Germany submarines sunk a US cruise boat. Killed American citizens aboard. • This action, along with the Zimmerman Telegram, convinced the US to join the War efforts. • American Forces are the pivotal forces the Allies need to push back the Central Forces.
Treaty of Versailles • In 1919, Germany was pushed back to their borders, and asked for Peace. • The Treaty of Versailles was signed to end World War I. • The Treaty was best known for aggressively punishing Germany for the Great War. • It also demanded the break-up of Austria-Hungary and the breakup of the Ottoman Empire.
The 1920s and The Great Depression Prosperity and Speculation lead to disaster
The Roaring 20s • This was a period of Massive Economic Growth in the US. • Entrepreneurs like Henry Ford (Cars) and John Rockefeller (Gas) dominated the US economy. • By some measures, Henry Ford is the richest man of all time. • Not only did the rich benefit, but the American middle class had access to goods, like cars, at lower prices then ever before.
Speculation • Middle Class American begin to make risky choices in an effort to get rich quick. • They take out large loans, and make risky investments in the stock market. • There goal is to make a quick return on their money.
Black Friday • This speculation continues to grow until September 4, 1929. • The stock market takes a massive hit. • People who had speculated in the Stock Market take massive losses. • The Banks who had made loans to these speculators, also take massive losses.
The Government’s response • In response to the massive loss of wealth on Black Friday, The government tightens up the money supply. • They print less money, tighten up loan regulations, and attempt to slow down the economy • The idea was that if the economy slows down, another disaster was less likely.
The Great Depression • The massive loss of revenue in the stock market crash, coupled with the tightened money supply lead to a world wide depression. • In the US, joblessness rose to 25%. • The Depression lasted until 1944.
The Dust Bowl • In addition to the Great Depression, the Midwest was hit by a massive drought. • Crops became hard to grow, and food supply shrunk. • This forced food prices up, affecting peoples ability to buy food. • It also affected farms ability to grow crops, forcing many of them these farms to close. • This meant that every aspect of the economy was now crippled.
Classroom Reading • Complete the reading comprehension activity, and submit the questions.