Great Depression

Question 1

GREAT DEPRESSION time period

Answer 1

1929-1933

Question 2

wall street crash -> great depression

Answer 2

1919-1929, economy of US REALLY GOOD
- industrialists borrowed money from banks
- people speculated actively

• share prices continued to rise

oct 1929
sell off of stocks
sharp drop in prices
-> stock market crashed
investors lost all money
- 100000 companies shut down, 13 million unemployment rate

-»> great depression

Question 3

spread of great depression

Answer 3

US -> creditor and financier of europe
to save their crashed economy, demanded a repayment of loans
-> european economy very badly

domestic production protect
imported good -> high tariffs + quotas

american demand for foreign goods ⬇️
european and jp factories closed down

unemployment rate 🔼

Question 4

impact of great depression (overall)

Answer 4

overall:
weakened determination + ability to maintain peace,
fuelled rise of totalitarianism (no money people lose hope)

Question 5

impact of great depression (US)

Answer 5

US:
-self isolated
-focused on rebuilding economy
- several neutrality acts to prevent international conflict involvement

Question 6

impact of great depression (brit + france)

Answer 6

BRIT + FRANCE:
- badly hit
-social + economic problems -> serious
- didn’t wanna use force for international disputes

AGGRESSORS TOOK ADVANTAGE OF THIS

Question 7

impact of great depression (ger +jp)

Answer 7

GER + JP:
-economic slump (Ger)
-> support hitler and his nazi party (thought that he could get them out of this)

• unemployment rate for JP 🔼
  -militarists -> territorial expansions to solve economic problems
  -> ideas became popular