The Great Depression ๐๐คโ๏ธ Flashcards
What exactly was the Great Depression
This was a series of connected economic changes that hit the worlds countries from 1929 And lasted well in the 1930โs
What were the effects of the Great Depression
Factories closed , reduction in demand and cuts in production and trade , farmers went bankrupt and lots of people lost their jobs
In addition banking system failed and people lost their money
What was the effect of the Great Depression on the league
The Great Depression has a huge imapact in the work of the league we the politicians now prioritized dealing with unemployment, suffering and poverty
Therefore dealing with anything that was happening in other countries came second
What were the effects of the Great Depression studied.
- Resulting in fewer American loans to Europe hence less available money meant decreasing employment.
- Decreasing my profit meant countries were reluctant to focus on the league as there were more pressing issues at hand.
- In Japan the depression threatened a collapse of their industry and led them to fake over Manchuria
- In Germany unemployment and poverty led to people to elect the nazi who promised to solve economic and social problems Adolph hitler and the nazis made no secret their plan to overturn the treaty of Versailles and regain lost territory
- It brought rise to Manchuria crisis
In Italy , economic problems encouraged Mussolini to try to build an Overseas empire to distract peopleโs attention away from the difficulties the government faced - ## led Britain and France to rearm