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Interwar – depression

Interwar – depression . AP World History. The Great Depression . Aftermath of World War I Social and Cultural Change (esp. in Europe) Veterans Family Values emphasis to encourage population growth. The Great Depression . Aftermath of World War I Roaring Twenties Social mobility

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Interwar – depression

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  1. Interwar – depression AP World History

  2. The Great Depression • Aftermath of World War I • Social and Cultural Change (esp. in Europe) • Veterans • Family Values emphasis to encourage population growth

  3. The Great Depression • Aftermath of World War I • Roaring Twenties • Social mobility • Woman’s Suffrage • Conspicuous Consumption

  4. The Great Depression • Depression – low production, high unemployment, high poverty • Recession – less severe depression • Inflation

  5. The Great Depression • The Great Depression • Capitalism failing • Longest, deepest, and most widespread depression in history

  6. The Great Depression • Failure of Capitalism • Immense social inequities • Boom and Bust cycles • 1929 (Stock Market Crash in NYC) spurred the greatest depression the world had and has yet to see • Characteristics • Loss of work • Massive unemployment (US and Germany > 30%) • Vacant factories, soup kitchens, shantytowns, etc.

  7. The Great Depression- Why? • Economy in US “too good” • Overproduction (farms and factories) • Income inequality • Overspeculation in stock market • No government regulation • Globalization meant the Great Depression was felt worldwide • Europe indebted to US • Germany and Austria needed loan for reparations • Britain and France needed reparations to pay back US

  8. The Great Depression- Effects • US response • New Deal • European response • “democratic socialism” – Britain, France, Scandinavia • Fascism – Nazi Germany, Italy, Spain No country was entirely successful in ended the Great Depression…but World War II was.

  9. The Great Depression- Response • US response • New Deal • European response • “democratic socialism” – Britain, France, Scandinavia • Fascism – Nazi Germany, Italy, Spain No country was entirely successful in ended the Great Depression…but World War II was.

  10. The Great Depression- Effects • Depression challenged governments of capitalist countries • Communism vs. Capitalism • Soviet Union appeared to be far more economically stable

  11. The Great Depression- Effects • The Vicious Cycle • Without money, people stop buying goods… • When people stop buying goods, businesses stop producing more goods • When business isn’t producing, they lay off workers • Unemployment skyrockets…more people can’t buy goods…and the cycle continues • Many lose everything they own, including homes

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