1 / 4

Unit VII. Between the Wars

Unit VII. Between the Wars. D. Worldwide Depression. " On 1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat: 36 billion, 1 glass of beer: 4 billion.". D. Worldwide Depression 1. After WWI, economic problems arose in Europe

wyome
Download Presentation

Unit VII. Between the Wars

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Unit VII. Between the Wars

  2. D. Worldwide Depression

  3. "On 1st November 1923 1 pound of bread cost 3 billion, 1 pound of meat: 36 billion, 1 glass of beer: 4 billion." D. Worldwide Depression 1. After WWI, economic problems arose in Europe a. Soldiers, returning from war, needed jobs and support b. Nations had war debts to pay and cities to rebuild c. In the decade following, the economies of many nations began a shaky recovery d. U.S. experienced an economic boom after the war *Became the world’s leading economic power -made investments in Europe to promote recovery 2. Causes of the Depression a. Weaknesses in the economies of the U.S. and other western nations led to the Great Depression *Long term causes: -economic instability in Europe -destruction of WWI -inability to stabilize societies after WWI -war debts *Short term causes: -1929 U.S. stock market crash

  4. D. Worldwide Depression 3. Impact of the Depression a. The collapse of the American economy has a ripple effect around the world *American investors pulled their money out of Europe *High tariffs were placed on imported goods *Nations that depended on American loans, investments, and business saw their economiescollapse as well -unemployment and inflation soared b. As the Great Depression continued, many people lost faith in democracy and capitalism *Extreme ideological and belief systems of many types arose -Strong leaders supported intense nationalismand militarism, and a return to absolute rule

More Related