The Western Democracies Stumble Chapter 16 – Section 2.

The Western Democracies

StumbleChapter 16 – Section 2

Do Now: Monday 4/1/13“They used to tell me I was building a dream

With peace and glory ahead---

Why should I be standing in line,

Just waiting for bread?

Once I built a railroad, I made it run,

Made it race against time.

Once I built a railroad, now its done ---

Brother, can you spare a dime?”

What do you think these lyrics are about?

Postwar PoliticsEconomic problems led to social unrest

Needed to find jobs for returning veterans

Irish Independence1914: home-rule bill shelved when war began

Easter 1916 small group of militant Irish nationalists launched a revolt

against British rule

Quickly suppressed by British caused wider support for Irish independence

1919 Parliament failed to grant home-rule again

Irish launched guerilla war against British forces and supporters

1922 agreement was made

Most of Ireland became self-governing

Northern counties, largely Protestant, remained under British rule

“The Red Scare”

Fear of the Bolshevik Revolution in Russia set off a “Red Scare” in the U.S.

Police deported suspected foreign born radicals

Growing demands to limit immigration

The Great DepressionLate 1920s in the U.S. & spread to the rest of the world

Demand for raw materials & agricultural products skyrocketed during the war – demand & prices fell after the war

Overproduction slow in production less workers needed

Financial mismanagement

Prices on stock exchange were all time high

Federal Reserve increased interest rates in 1928 and 1929

Did not work people became afraid to invest hurt demand

Fall 1929 Stock prices crashed – wiping out fortunes of many investors

Depression SpreadsAmerican banks stopped loans

abroad

Demanded repayment of foreign loans.

Without U.S. support, Germany could not make reparation payments

France and Britain could not make loan payments

U.S. raised tariffs to protect economy

Backfired when other nations raised their tariffs

FDR & The New DealGovernment was needed to

combat the Great Depression

Economic and social programs

Federal government became more directly involved in people’s everyday lives than ever before

Social Security system pension for elderly

1934 Dust Bowl

New Deal did not end the Great Depression, but it eased the suffering for many

Portrait shows Florence Thompson with several of her children in a photograph known as "Migrant Mother". The Library of Congress caption reads: "Destitute pea pickers in California. Mother of seven children. Age thirty-two. Nipomo, California."

ConsequencesAs the Depression continued people lost faith in

democratic governments’ ability to solve problems of the modern world

Despair in Europe intensified

Extremists promised radical solutions

Benito Mussolini, Joseph Stalin, Adolf Hitler

Homework DUE: Wed. 4/3

Section 2 Packet Western Democracies Stumble

All Checkpoints & #3, 4, 5