chapter 24 - great depression

8/14/2019 Chapter 24 - Great Depression

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Chapter 24Chapter 24 The Rise of DictatorsThe Rise of Dictators

From The Roaring Twenties to the Great DepressionFrom The Roaring Twenties to the Great Depression

1920 Galveston Island Swim suit review


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1.US Rejected the League2.Americans didnt want to

get involved in Europeanaffairs (Isolationism)

3.League had no means ofenforcement

WhyWhydid the League of Nations Fail?did the League of Nations Fail?


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A Weak League of Nations


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Roaring 20s


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Video: The Roaring Twenties!Video: The Roaring Twenties!


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TheThe

WarWarDebtDebt


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Inflation in GermanyInflation in Germany

Hit by hyperinflationhyperinflation andunemploymentunemployment

1914 4.2 marks=$11923 4.2 trillion marks=$1

1918 bread less than 1mark1923 bread = 200 Billion Marks

*42 billion marks to the penny


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Food shortagesFood shortagesand inflationand inflation


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BurningBurning

GermanGerman

MarksMarks

for heatfor heat


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Hunger Marches in London, 1932Hunger Marches in London, 1932


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The Treaty of LocarnoThe Treaty of Locarno

Established Internationalboundaries established

Promises of peace

From left to right,Gustav Stresemann,

Austen Chamberlain and

Aristide Briand

during the

Locarno negotiations in

Switzerland


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1.Almost every nation

signed2.Promised to renounce

war except for selfdefense

3.No enforcement

1928 Kellogg1928 Kellogg--Briand PactBriand Pact(Frank Kellogg: U. S. Sec. of State)(Frank Kellogg: U. S. Sec. of State)


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KelloggKellogg--Briand PactBriand Pact


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The Great Depression in AmericaThe Great Depression in America


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The Great DepressionThe Great Depression


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The GreatThe GreatDepressionDepression


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During the Great Depression, many

people had to resort to desperate

measures


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Depression:Depression: period of low economicactivity and rising unemployment


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Causes of the GreatCauses of the Great

DepressionDepression1. Economic

Downturnscaused byoverproduction

2.T

he U.S. StockMarket Crash

3. US aid to Europe

dried up

1. EconomicDownturnscaused byoverproduction

2.T

he U.S. StockMarket Crash

3. US aid to Europe

dried up


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BlackBlack ThursdayThursday

Oct. 24, 1929Oct. 24, 1929

BlackBlack ThursdayThursday

Oct. 24, 1929Oct. 24, 1929

Wave of sellingWave of selling


27/46The Great CrashThe Great Crash


28/46Banks foldBanks fold


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1. Increased GovernmentActivity in the Economy

2. Renewed interest in Marxismand other extreme ideas

3. Led people to followdictatorial leaders

1. Increased GovernmentActivity in the Economy

2. Renewed interest in Marxismand other extreme ideas

3. Led people to followdictatorial leaders

Results of the Great DepressionResults of the Great Depression


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JohnJohn

MaynardMaynardKeynesKeynes

(pronounced(pronouncedkekenznz))

British Economist: 1936British Economist: 1936


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Keynes Said:Keynes Said:

1.1. Unemployment came fromUnemployment came fromdecline of demanddecline of demand, notoverproduction

2.2. Govt. = PublicWorks &Govt. = PublicWorks &Deficit SpendDeficit Spenduntil economy

heals3. Ignored in Britain, adopted byadopted by

Franklin RooseveltFranklin Rooseveltin USA


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Unemployment = 15 Million

In the US Unemployment in thosethree years soared from 3.2 percent

to 24.9 percent


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Hoovervilles: shantytownsHoovervilles: shantytowns


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The DustbowlThe DustbowlThe DustbowlThe Dustbowl


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19321932

FranklinFranklinDelanoDelano

RooseveltRooseveltBeatBeat

HerbertHerbertHooverHooverin ain a

LandslideLandslide


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FDR: The New DealFDR: The New Deal


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FDRInauguration:

The onlyThe onlything wething we

have tohave tofear is,fear is,

fearfearitself.itself.

FDR Campaign Slogan:

Happy DaysHappy Days

are Hereare HereAgain!Again!


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Fireside ChatsFireside Chats:: informal talks on

radio to reassure the people


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EleanorEleanor

RooseveltRoosevelt

Best 1Best 1stst

LadyLadyEver?Ever?


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Whats The (New) Deal?Whats The (New) Deal?


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Get to workGet to work

programs;programs;GovernmentGovernment

Sponsored JobsSponsored Jobs

Tennessee Valley Authority


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1. Is based on theideas of Keynes

2. Restored confidence

3. But Depressionhung on until WWII

The New DealThe New Deal


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The New Deal 4min


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Ch. 24 Rise of DictatorsCh. 24 Rise of Dictators

The West Between the WarsThe West Between the Wars


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The

West

Betweenthe Wars

1919 -

1939

Man of the year 1938:Man of the year 1938:Adolf HitlerAdolf Hitler

Hitler became

in 1938 thegreatest

threatening force

that the

democratic,

freedom-loving

world faces

today

chapter 24 - great depression

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