Great depression 2 Flashcards
Why was Europe extra affected?
Because they were still struggling from WW1.
What did the economical collapse cause?
It paved a way for powerful dictators.
Dictator in Germany that emerged:
Adolf Hitler.
Who rises to power in Italy?
Benito Mussolini.
What type of government is used during crising in Italy?
Fascism.
Give a short response of what fascism is.
A government system led by a dictator or group having complete power. Aggresive nationalism.
Who emerges in russia to represent the soviet Union?
Joseph stalon.
What type of government does russia/Stalon use?
Communism.
What kind of dictator/ruler was Stalon?
A Totalitarion dictator.
What is a totalitarion dictator?
One political leader or group has complete control while the rest of the country has no power.
How were bank runs prevented?
The federal government backed up the closed down banks to prevent bank runs. (FDIC)
What does the FDIC mean?
The the bank cant close and always has at least 250,000 dollars
What was the great depressions inmact on farms?
Farm prices were lowered, cutting farmers income I half.
What did farmers suffer from after going bankrupt?
Foreclosure
Unemployment rates nationally reached…
25%