The Nazi used the Great Depression as the boost to gain support from the Germans. Due to America’s depression, Germany was put into a dire state as unemployment increased, thus resulted in the Nazi gaining votes during the 1933 election. The depression caused desperation within the people that made them feel that the Weimar Republic could not look after them or the country’s financial problems. Hitler made promises to get rid of the unemployment rate, thus gaining the support of the public. Although the Great Depression was a key factor to Hitler’s rise to power but there were other causes: the German’s were looking for a saviour and Hitler happened to be that person; Hitler also played on the German’s fear factor of Communism and Communist which led him to get votes from the middle to higher class citizens by the burning of the Reichstag.
While many believe that the unprecedented crash of the stock market on October 29, 1920, better known as Black Tuesday, was the cause of the dramatic economic downturn of the century, long-term causes contributed highly to the impending catastrophe. This period of economic depression, aptly named the Great Depression, was due to: downfall of agriculture--farmers mass-produced goods to compensate for the lack of income, decline in industry-- due to tariffs and debt policies, and the decrease in consumer spending--
Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall.The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed.The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless.The causes of the Great Depression was speculation,
Germany went through a great depression, the government tried to make more money to make the depression go away but this was the worst thing the German government could have done. This caused hyper-inflation. The Treaty of Versailles hurt Germany significantly by hurting their armed forces limiting their army to 100,000 men, hurt their economy and industry by losing the Saar region and Prussia losing fertile farming land due to the agreement of the Treaty of Versailles, along with the other major impacting factors Germany had Kaiser and Germany had to pay approximately 6,600 million pounds.
Impact of the Great Depression on the Rural Population Students learn in history about the Great Depression and the events that occured with it like the New Deal and the stock market crash. As students we think the events that happened seem bad but if only we were there to see it first hand and to realize how hard the impact actually was. The Great Depression caused the rural families to go through the biggest struggles due to all the losses, changes they went through, and not having what they needed to survive or it getting destroyed. First what is the Great Depression well it is the “worst economic downturn in history of the industrialized world,” it caused so many changes to happen it was like a snowball effect just one thing after
The Great Depression was triggered by a collapse in U.S share prices in 1929, after a decade-long economic prosperity. Even though this event’s main cause was in the U.S, the effects were felt all over the world. In Germany, the depression caused a great number of businesses to close, mass unemployment and caused public dissatisfaction towards the Weimar Republic, which then led to a dramatic increase in popularity for the extreme left and right wing parties. However, even though the Great Depression was a significant event on German history, this event is still one of many. The War guilt clause, article 231 states that Germany had to pay a sum of ￡6.6 billion as war reparations, Weimar Germany was allowed to pay in the form of raw materials as opposed to actual money.
The speeches, both were given around the same era, only three years apart. In the late nineteenth century, Americans began to feel dissatisfied with the negative impacts the technological boom made (“New Nationalism vs. New). Technology has been changing rapidly, and it altered the lives of many people, and some people believed that the society and the economy had a lot to catch up (“New Nationalism vs. New). Two presidents, Roosevelt and Wilson both gave a persuasive speech trying to make a change during the Progressive Movement (B&N). They both agree that the current laws were not doing well in controlling the big businesses and that changes need to be made immediately
When Hitler came into power in Germany’s democratic system of government was weak. There were people suffering a process of returning people to the place they were born and also returning refugees or military persons to the place they were born after World War 1. There were also lots of food shortages and very high unemployment rates which caused many people to starve and to be very poor due to having no job to source money from. The Great Depression had a rather large effect on the Weimar republic and this had an impact on the people and made them start to lose faith in the republic and this was because the treaty took most of Germany’s money and recourses. The German people were on food rations and they were in economic desperation and they
Milton Friedman, an esteemed economist, once said that “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” The United States during the 1930’s was in tatters. Unemployment was sky-high, there was overproduction and underconsumption simultaneously, people were starving and companies were bankrupt. In a time of uncertainty and trepidation, Franklin D. Roosevelt came up with a plan to boost the American people from the deep abyss that was the Great Depression : the New Deal. November 1932, proved to be a hopeful time for many Americans, FDR had just been elected and his New Deal promised Relief, Reform and Recovery for
Nallely Sagastume Pillsbury US History February 27, 2018 The Great Depression The 1920s was a chaotic time, it dealt with a worldwide depression that affected many countries but most specifically the United States. During this time the economy drifted into a deep decline and left many people jobless and struggling to financially support their families. Many things were going off balance and there seemed no way to solve it, the farming industry fell, unequal distribution of wealth was going around and overproduction was losing a great amount of money, these problems greatly contributed to the Great Depression. The world was falling into chaos but no one really knew what to do until President Franklin D. Roosevelt came up with a great solution
The Great Depression by Robert S. McElvaine is pretty straightforward. In the beginning, the book compares the economic crisis of 2008 with the roots of the Great Depression in 1929. He believed that politicians in the twentieth century did not learn their lesson from before. The book also depicts the lives of people during The Roaring Twenties and how the downfall of the economy and overproduction lead to mass unemployment and struggling families. McElvaine’s point of view on the Great Depression was considerably biased.
The Great Depression was a worldwide economic downturn that began in 1929 and went on to 1939. This was the longest and worst depression experienced by the western world which caused fundamental changes in economic institutions, macroeconomic policy, and economic theory. It originated in the United States but the Great Depression caused rises in unemployment rates, declines in output, and deflation in almost every country. The timing and harshness of the Great Depression was different for every country, some were more affected than others The Great Depression affected lots of countries but very few were affected like Canada was. The Depression left millions of Canadians hungry and homeless.
One of the biggest failures during his administration was the Panic of 1819; the first economic depression in the history of the United States. This economic depression was brought on by over production and land speculation, which was caused by the national bank; during this period, deflation, bankruptcies, unemployment, and debtor prisons were common. James Monroe offered optimistic statements and not much else. Fortunately the economic depression passed on its own and people regained faith in their president. This strategy of dealing with an economic depression was adopted by future presidents, until it no longer worked, it was at that point that legislation was passed in order to save the country.
that the nation has been constantly bombarded by terrorist organizations. Contrary to what the mass media showed as the target of the attack on September eleven(the people), the terrorist organization really wanted to cripple the United States and its economy. "the immediate impact of the 9/11 attack was to reduce real GDP growth in 2001 by 0.5%3." It is true that the American economy was not only affected by that factor; but the attacks on September eleventh 2001 did play a leading role in the hurting of the economy. Discussed further, the decline of other great empires share this characteristic-with a failing economy a civilization is most likely doomed to fail.
Ironically, FDR still managed to dupe the American public into thinking that the New Deal’s were working. Somehow, Roosevelt erected a sense of optimism in America, but he failed to solve any real problems involving the Great Depression. It is a great and utter fallacy to credit America’s recovery from the Depression as a result of Roosevelt’s actions: the country should be more grateful towards World War II than FDR’s New Deal