The Great Depression a Creative Assignment

Historical Context- World War 1

World War 1 started in 1914 with Austria Hungary declaring war on Serbia. The war lasted until 1918 with the US joining the war in last year. War cost the lives of millions and many were wounded. The Allied powers won the war and ended the war with the treaty of Versailles . This demanded that Germany pay reparations for the war. Germany became the newly formed Wiemar Republic and did not know how to pay off their reparations.

Inflation and Unemployment

The German government thought it would be good idea to print the money they owed all at once to pay for reparations. This caused major inflation and prices of basic goods prices skyrocketed. The inflation caused mass unemployment. People were desperate for jobs but inflation made it hard to make living.

Over Production and Underconsumption

The US was the one of the only countries to have better economy after the war than before. The over production of goods were caused by a new way of producing such as assembly lines which sped up production. This led to mass surplus of goods but no one would buy because of under consumption. The under consumption caused most businesses to have to sell at lower costs but they would have to sell more to break even.

Stock market crashes

Production slowed down and unemployment had risen. Low wages and struggling agriculture were some causes of the stock market crash. The stock prices were slowly declining until it suddenly dropped to almost nothing. So many people invested in these stocks and billions were lost.

Banks collapse

The amount of banks of to people were really high. The banks would deposit and loan out money to farmers but some were struggling. Some people were worried the stock market might crash and withdrew their money from the banks. This forced the banks to liquidate loans then leading to their collapse.

Affects on the US

The economy had collapsed and many families were affected. Many people couldn't find jobs or keep one. The unemployment rate went up and people couldn't support their families. This combined with the bank failures really hit the economy hard. Industrial production had dropped by half. The US government didn't have enough money to support the banks.

Affects on Germany

Germany relied heavily on on Americans loans. After the stock market crashed it American investor to ask the money the government owed them. The German government didn't have enough money to pay the investors. The unemployment in Germany caused many people being unable to afford food. People were dying of starvation

Affect in England

The affects on England were huge. The unemployment and poverty rate rose. While in some parts of England, there small economic booms. Though England started to make a early recovery.

The New Deal

Franklin Delano Roosevelt would do anything to get the US out of the depression. He signed off on many projects and programs to provide jobs for people. The government would fund big construction projects to get people to work. This was the beginning to end of the depression.

By Jeremy Ceballos

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