![Page 1: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/1.jpg)
The Age Of Anxiety, The Crash & The Great Depression
Brother, can you spare a democracy?
![Page 2: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/2.jpg)
Movies•Replaced traditional arts and amusement – weekly entertainment
![Page 3: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/3.jpg)
Radio•Commercially available in 1920•Most households in Britain and Germany had inexpensive sets by late 1930s•Political propaganda tool
![Page 4: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/4.jpg)
European Politics•1922 France and Belgium occupied the Ruhr•American Dawes Plan (1924) cut reparations and funded European recovery with American loans•Weimar Republic (democracy) in Germany – Gustav Stresemann (1878-1929)
•Britain – Labour Party passed welfare measures guaranteeing social peace and class equality
![Page 5: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/5.jpg)
Things Are Looking Up And There Is Hope For Democracy Until . . .
![Page 6: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/6.jpg)
Why Did The Stock Market Rise So Much During the Late Twenties?
• Unreal share prices• Investors speculation
![Page 7: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/7.jpg)
This speculative rise is called a “Bubble.”
And we all know what happens to bubbles.
![Page 8: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/8.jpg)
Why Did The Market Crash In October,1929?
• A bubble can only expand . . . • Once the new money runs out . . .
![Page 9: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/9.jpg)
In Three Weeks, The Market Lost . . .
$30 Billion
![Page 10: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/10.jpg)
Millions Of Americans Become Unemployed.
![Page 11: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/11.jpg)
How Did The Stock Market Crash Weaken Banks?
• 1. Banks had loaned money . . . • 2. Banks had invested. . . .
![Page 12: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/12.jpg)
Bank Losses Led To A . . .
Bank Run!
![Page 13: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/13.jpg)
When A Bank Collapsed . . .
![Page 14: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/14.jpg)
How Did Uneven Wealth Distribution Cause The
Depression?• The middle-class didn’t have enough
money to buy all the goods America was making.
• Demand crashed.
![Page 15: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/15.jpg)
The Demand Crisis
![Page 16: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/16.jpg)
How Did Loss Of Export Sales Cause The Depression?
• Congress passed a heavy tariff on imports. (Why?)
• Foreign countries passed their own tariffs in revenge.
• Exports sank, which meant another reduction in demand.
![Page 17: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/17.jpg)
The Demand Crisis
![Page 18: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/18.jpg)
What About Mistakes By The Federal Reserve?
• The Fed sets the nation’s interest rates.
• During the Depression it raised rates, which reduced the people’s ability to spend.
• Again, demand was reduced.
![Page 19: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/19.jpg)
The Demand Crisis
![Page 20: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/20.jpg)
How Did FDR Pay For The New Deal?
![Page 21: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/21.jpg)
Did The New Deal Work?
![Page 22: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/22.jpg)
So, what is the connection between the Great Depression?
![Page 23: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/23.jpg)
So, what is the attraction of the new dictators?
![Page 24: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/24.jpg)
Traditional Conservative Authoritarians vs. Radical Totalitarians
![Page 25: The Age Of Anxiety, The Crash & The Great Depression](https://reader030.vdocuments.us/reader030/viewer/2022033102/56816569550346895dd7f8af/html5/thumbnails/25.jpg)
Fascism vs. Communism