march 7 & 8 define blame.. have you ever been blamed for something? how did that make you feel?
TRANSCRIPT
March 7 & 8
Define blame.
Define blame.
Have you ever been blamed for something?
How did that make you feel?
Impact of the Treaty of Versailles on
Germany
http://hometown.aol.co.uk/metalhead015/page3.html
1. Excluded Germany from the League of Nations
2. Took away its territories3. Severely restricted the size of their military4. Prohibited them from making or importing
any war material 5. Forbade them to have any submarines or air
force6. Blamed Germany for 100% of war (“War
Guilt”)7. Forced them to pay $33 billion to the allied
nations over a 30 year period.
Treaty of Versailles’ Treaty of Versailles’ Effect on GermanyEffect on Germany
Some people felt the Treaty of Versailles was too
harsh on Germany.
Treaty of Versailles Caused…Inflation!
• To pay for the war, Germany decided to print more money.– As the money lost its
value, they printed more and more.
• It then cost more and more to buy the same goods
One Loaf of Bread
1919 1922 1923
1 mark 160 marks 200 billion marks
Inflation is an increase in the price you pay for goods. It is the decline in the purchasing power of money.
Money Became Totally Worthless
• This caused the Germans to think their democratic government (the Weimar Republic) was also worthless.
• U.S. loaned Germany $2 billion to help with their economy in the 1920s.
• Only the U.S. and Japan had come out of the war in better financial shape than when they had gone into it.
• Neither had to fight on its own soil.
European Dynasties Were Overthrown
• From 1914 to 1918 the remaining absolute rulers in Europe had been overthrown.
• The Hapsburg, Romanov, and Ottoman dynasties/empires all ended.
• Democratic governments began popping up everywhere.
Depression = severe economic crisisDepression = severe economic crisis
Tariff = tax on imported goodsTariff = tax on imported goodsTariffs were supposed to supposed to protectprotect American farmers and manufacturers from foreign competition…
……BUT…they didn’t!!BUT…they didn’t!!
Tariffs reduced the flow of goods into the US and prevented other countries from buying American goods.
The bottom line – tariffs made it harder to tradeThe bottom line – tariffs made it harder to trade
HIGH PROTECTIVE HIGH PROTECTIVE TARIFFSTARIFFS
speculation
buying on margin
ignoring risk
unrestrained buying and selling
People bought goods that they couldn’t afford on credit
1.The Stock Market was the most visible symbol of American prosperity.
2. In the 1920s stock prices rose steadily.
3.Economists warned the people about the weakness of the economy.
Early September 1929: Stock prices peaked then fell and confidence begins to waver.
October 24, 1929: The market takes a plunge. Panicked investors unload their shares.
October 29, 1929: The Stock market crashes! Shareholders frantically tried to sell their stocks before prices went even lower. (16.4 million shares were traded)
October 29, 1929Black TuesdayBlack Tuesday
Safari Montage - People's Century The Saga of World War
II - Breadline: The Great Depression at Home
Impact Impact of the of the
Worldwide DepressionWorldwide Depression
High High Unemployment Unemployment
in Industrialized in Industrialized
CountriesCountries
25%25% in the in the United StatesUnited States
Bank failures and collapse of credit.
Many people lost faith in their democracies during the Great Depression, some turned
towards Fascism & Nazism.
Hard times make democracy &
capitalism seem silly
Fascism = government that emphasizes loyalty to the state and obedience to its leader.
National Socialist German Workers party • “Nazi”• Based on totalitarianism & belief in
racial superiority.
The importance of the Nazi Party grew in Germany.
The Nazi Party blamed European Jews for the economic collapse.
Faces of TotalitarianismFascist Italy Nazi Germany Communist
Soviet Union
Benito Mussolini
Adolf Hitler
Joseph Stalin
Hitler’s Rise to Power
• Read the article
• Answer the questions (1-7) in your journal
• Complete the Propaganda poster assignment. This is due at the beginning of next block!