The Great Depression Of The 1930’s

-Nicole Oparaugo & Mycole Robinson

Understanding The Great Depression…

• The Great Depression occurred throughout the 1950’s post WWl.

• The crisis hit throughout the world, but primarily in The US and Germany.

• Germany depended on American bank loans, money that the Germans intended to lend at higher interest to emerging nations.

• However this way of banking rapidly faded when the American stock market plunged.

Understanding The Great Depression

• Seeing the rapid decline in the economy, people began withdrawing their savings, and saving as much money as they could.

• By saving their money, it caused a decline in demand, a drop in the employment rate.

• Which in turn made countries endorse the “Gold Standard”

Gold Standard?

• The Gold Standard was simply a way for the countries to try and keep their heads above water.

• The Gold Standard prevented countries controlled inflation to help get out of the depression.

• Inflation increased the amount of money, but lowered its value.

• This discouraged people from saving because they realized that their money would soon be worthless.

Primping The Pump

• John Maynard Keynes was an English Economist

• He urged the idea of deficit spending to fix the economy.

• He encouraged the fact that by temporarily providing the people with jobs and income again to enable a spending recovery, it will restore the economy.

• This in turn was just another misguided measure countries took

Fascism

• Fascism was a goal to destroy the notion of the individual and instead push for a common community.

• The Italian Facsits had Il Duce, and the Germans were the Fuhrer, men who represented the desires and dreams of the nation.

• Fascist were against the political emancipation of women, they hated modern art, and they despised a religious faction.-Jews(Only in Germany)

Benito Mussolini

• Mussolini was the fascist leader in Italy

• He originally was the editor of the socialist newspaper, but soon became a fascist.

• He founded the National Fascist Party which members were known as “The Black Thugs”

• October 1922 Mussolini demanded to be put as Prime Minister.

• He was granted that position, and banned all non-fascist activity.

• However Benito’s plans never reached its expectations.

Adolf Hitler

• Adolf Hitler was named Chancellor in 1933

• He set up the Enabling Act, which gave the party emergency powers to govern the state.

• In summer of 1933 Hitler banned all political parties except the Nazis, and followed with an attack on the independent trade union movement.

Great Depression- WWll

• Adolf needed the support of the army to continue on with his plans.

• He eventually gained it, and organized groups such as the Hitler Youth to establish a sense of intimidation in the people.

• August 22 ,1939 Germany and Soviet Union signed a non aggression pact, this led to the invasion of Poland, and the second World War