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Explore the impact of The Great Depression on the world post-World War I, including the economic consequences, rise of fascism, and its implications on countries like Germany and Italy. Learn about key figures like Mussolini and Hitler, their ideologies, and the events that shaped this tumultuous period in history.
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The Great Depression Vocabulary • fascism • 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.
The Great Depression October 29, 1929: market collapsed All economic indicators fell • Industrial production • Employment • Prices • Wages
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 Depression Many countries chose Fascism • Promised to: • Revive economy • Punish guilty • Restore order • Promote nationalism
Rise of Fascism • Promoted loyalty to state • Extreme form of nationalism • Authoritarian leader • Totalitarian
Rise of Fascism Italy, 1922 • Benito Mussolini, “Il Duce”
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