Kenia HernandezKenia HernandezGenesis Casteneda Genesis Casteneda

Jennifer RomeroJennifer RomeroAmanda AugilarAmanda Augilar

Alejandro ShermanAlejandro Sherman

Italy’s Great DepressionItaly’s Great Depression

o The Great Depression was a world wide The Great Depression was a world wide economic depression that proceeded to WW IIeconomic depression that proceeded to WW II

o 1929’s stock market 1929’s stock market crash crash

o Bank FailureBank Failureo Reduction in Reduction in

purchasing and tradepurchasing and tradeo Decrease in world Decrease in world

trade (1929-1932)trade (1929-1932)

Why the Great Depression Started?

o Decline in international trade.Decline in international trade.o Work hours declinedWork hours declinedo Investment declineInvestment declineo Wage stabilityWage stability

Great Depression in Italy

o Benito MussoliniBenito Mussolini first known as Italian first known as Italian socialist that soon gained power by socialist that soon gained power by parliament,parliament,

o Leader of fascist movement in Italy. Leader of fascist movement in Italy.

Who Was Mussolini?Who Was Mussolini?

Mussolini's Journey to PowerMussolini's Journey to Power

Mussolini became a politician in 1919Mussolini became a politician in 1919He joined Fascist party and he joined He joined Fascist party and he joined marches marches

-March on Rome 1921-March on Rome 1921In November 23 1922 the king and In November 23 1922 the king and parliament granted him power parliament granted him power

Mussolini’s Journey to PowerMussolini’s Journey to Power

Mussolini began gaining power over the governmentMussolini began gaining power over the governmentMussolini’s oratory and popularity gained him more Mussolini’s oratory and popularity gained him more power those who did not join him were killed. power those who did not join him were killed.

Benito Mussolini's Journey to Benito Mussolini's Journey to PowerPower

Mussolini made an important move that Mussolini made an important move that gave him more political powergave him more political powerHe signed the He signed the Lateran AccordLateran Accord of February of February 19291929Through this the Roman Catholic Church Through this the Roman Catholic Church and the Italian state made peace with and the Italian state made peace with each othereach other. .

Mussolini’s Journey to PowerMussolini’s Journey to Power

Mussolini began gaining power over the governmentMussolini began gaining power over the governmentMussolini’s oratory and popularity gained him more Mussolini’s oratory and popularity gained him more power those who did not join him were killed. power those who did not join him were killed.

Mussolini's AttemptsMussolini's Attempts

o Battle of WheatBattle of Wheato Subsidizing ships Subsidizing ships o Undertook public workUndertook public worko Introduced protective tariffsIntroduced protective tariffs

Social EffectsSocial Effects

o Prostitution was on a riseProstitution was on a riseo Health Care not a priorityHealth Care not a priorityo Unsteady rate in marketUnsteady rate in marketo The working class increased because The working class increased because

children began workingchildren began working

Political EffectsPolitical Effects

CorporatismCorporatism was made to benefit the interest of was made to benefit the interest of the managers or companiesthe managers or companiesLabor unions were destroyedLabor unions were destroyedChamber of CorporationsChamber of CorporationsTaxationTaxationKeynesian EconomicsKeynesian Economics

Political EffectsPolitical Effects

In 1938 replaced the Chamber of Deputies In 1938 replaced the Chamber of Deputies with a with a Chamber of CorporationsChamber of Corporations

CorporatismCorporatism

Economic EffectsEconomic EffectsBattle of WheatBattle of Wheat

Stock Crash Stock Crash

SubsidizingSubsidizing

Wages fell Wages fell

Production fellProduction fell

Exports fellExports fell

Institute for Industrial Institute for Industrial Reconstruction Reconstruction its its purpose was to give purpose was to give loans to businesses that loans to businesses that were in financial were in financial problem.problem.

Fun Facts:DFun Facts:D

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

Fun Facts'Fun Facts'

SuicidesSuicidesMan killed his sheep b/c of GDMan killed his sheep b/c of GD50% children were suffering from hunger, 50% children were suffering from hunger, shelter, and medical careshelter, and medical careMonopoly could be rich in mindMonopoly could be rich in mind3 million children left school to work!!3 million children left school to work!!