CHAPTER 28 Section 1: The Postwar Era Section 2: Postwar Prosperity Crumbles Section 3: Political Tensions After World War I Section 4: Fascist Dictatorships in Italy and Germany Section 5: Dictatorship in the Soviet Union The Great Depression and the Rise of Totalitarianism
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CHAPTER 28 Section 1:The Postwar Era Section 2:Postwar Prosperity Crumbles Section 3:Political Tensions After World War I Section 4: Fascist Dictatorships.
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CHAPTER 28
Section 1:The Postwar Era
Section 2: Postwar Prosperity
Crumbles
Section 3:Political Tensions After World War I
Section 4: Fascist Dictatorships in Italy and Germany
Section 5: Dictatorship in the Soviet Union
The Great Depression and the Rise of Totalitarianism
SECTION 2
Bell Ringer 19.2:
What economic weaknesses led to the Great Depression?
Postwar Prosperity Crumbles
The Great Depression
A. Europe began the Great Depression in 1929.
During a depression there is very low economic activity and high unemployment.
B. The Great Depression had two main causes:
1. Farmers expenses (machinery) rose higher than the prices they received for their crops. Farmers could not payback their loans, so they lost their farms.
2. The second cause was the collapse of the U.S. stock market in 1929.
SECTION 2
Postwar Prosperity Crumbles
Stock MarketMarket speculations (risky investments)Stock prices soar . . . Investors believed stock prices would continue to rise.Many bought stocks on margin – borrowing the money to buy stocks.If prices went up … great. But if prices went down?
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In August 1929, many investors were worried that the economic boom might
end so they began selling off their stocks. The rash of selling caused the stock
During the Great Depression, families suffered. Marriage and birth rates dropped. Hungry parents searched for food to feed their families. Families doubled up, taking in aunts, uncles, and cousins. People felt they were a failure because they could
The United States was terribly affected by the Great
Depression.
President Herbert Hoover was unable to turn the economy
around.
In 1932, Franklin Roosevelt was elected President on a jobs promise program called the New DealBy 1933, 15 million people were out of
work. 24.9% unemployment
10% 2009
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As part of his New Deal FDR started the Civilian Conservation Corps which hired men to plant trees, build bridges, and work on flood control projects.
The Works Progress Administration was created to enable the jobless to work making clothes, building
hospitals and schools.
Civilian Conservation Corps Works Progress Administration
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To help farmers the Agricultural Adjustment Act was passed. Farmers were paid by the
government not to grow certain crops. Roosevelt hoped with smaller harvests would
control supply and demand prices for farmers.
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The Tennessee Valley Authority helped rebuild Tennessee after the devastation of floods. Dams were built and trees were planted. The area was transformed from a place destined to poverty to