The Great Depression Edith Aviles

"what happened to Germany or Italy or France after WW1 that would put them in economic hardship?"
  • After the WW1, Germany, Italy, and France had a huge debt after the war
  • "The country was not generating any real wealth so prices of goods and services rose automatically"
  • They all tried to make plans to recover
"German war reparations and how its connected to the US"

The German reparations, German had to pay for all the damage that was caused by the war.

German was connected to US because how they both were in debt and they had to pay for the damage.

"inflation and unemployment"

"the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent. The first question is why was there such high unemployment in 1933. The answer is that the economy was not producing as much output as it was capable of producing with full employment of the labor force. It was not producing as much as it could because it could not sell that amount"

The highest unemployment percentage was 25%

"overproduction and underconsumption"

The overproduction was the main cause of The Great Depression, many farms and factories were making things that everyone can afford it. Then everything started to fall like the prices, then they closed down.

Then with underconsumption many people weren't buying any products.

"stock market crash"

The stock market crash was a time when America's bank had failed. which left many people with no jobs.

" banks collapse"

Many banks failed,"Every small town had a bank or two struggling to take in deposits and loan out money to farmers and businesses". Many people thought and argued about how the bank crisis is what caused The Great Depression was.

"effects in the US"

"In the United States, The Great Depression began soon after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions investors"

  • high unemployment
  • low profits
  • plundging farm incomes
  • deflation
  • "major political changes in America"
  • "US government's commitment to the gold standard prevented it from engaging in expansionary monetary policy"
"effects in Germany"

"Germany remained politically and economically unstable"

  • "this also affected German farmers, who were not in a good position to start with"
  • factories were closed and many people lost their jobs
  • Germany borrowed money from the U.S.
"effects in France"
  • "hardship and unemployment were high enough To lead rioting and rise of the socialist popular front"
  • the financially was the thing that hurt France the most
  • france had weak power
  • no employment until 1929
"the new deal"

"The New Deal was the set of federal programs launched by President Franklin D. Roosevelt after taking office in 1933, in response to the calamity of the Great Depression, and lasting until American entry into the Second World War in 1942."

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