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The Great Depression. Vocabulary f ascism lebensraum. The Great Depression. After World War I Europe was bankrupt US economically healthy BUT, new wealth not evenly distributed US loaned money to Europe Stockmarket boomed People borrowed to invest over-produced goods; prices fell.

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The great depression
The Great Depression

Vocabulary

  • fascism

  • lebensraum


The great depression1

The Great Depression

After World War I

Europe was bankrupt

US economically healthy

BUT, new wealth not evenly distributed

US loaned money to Europe

Stockmarket boomed

People borrowed to invest

over-produced goods; prices fell.


The great depression2
The Great Depression

October 29, 1929: market collapsed

All economic indicators fell

  • Industrial production

  • Employment

  • Prices

  • Wages


The great depression3
The Great Depression

By 1933, 25% unemployment in USA

  • Entire world affected

  • Germany and Austria especially hard hit

    Democracies:

  • Increased taxes and public works programs


The great depression4
The Great Depression

Many countries chose Fascism

  • Promised to:

    • Revive economy

    • Punish guilty

    • Restore order

    • Promote nationalism


Rise of fascism
Rise of Fascism

  • Promoted loyalty to state

  • Extreme form of nationalism

  • Authoritarian leader

  • Totalitarian


Rise of fascism1
Rise of Fascism

Italy, 1922

  • Benito Mussolini, “Il Duce”


Rise of fascism2
Rise of Fascism

Germany, 1933

  • Adolf Hitler

  • Used propaganda & censorship

    • Hitler “youth”

  • wanted “pure Aryan” society

  • target Jews for extermination

    • Kristallnacht, Nov. 1938

  • 12 million killed


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