Great Depression

Postwar europe

• End of the war saw rise of new democracies.
• Many citizens had little experience with representative government.  
• The war left every major European country bankrupt. 

The weimar Republic

• Named after city met.
• Over printed money causing inflation.
• started in 1919.

Financial Collapse

• Economy collapsed in 1929.
• Factories were turning out half of the worlds industrial goods.
• In 1929 the stock market crashed.

Stock Market Crashes

• In 1929 the stocks collapsed.
• U.S. economy had prices rising.  

Inflation

• Prices dramatically increased from low to high. 
• many items during this time lost its value.

Great Depression

• 1932 factory production was cut in half.
• 1933 one fourth of all american workers had no job.
• 9 million people lost their jobs

Global Depression

• The american market for European goods dropped sharply.
• Almost all of investors withdrew their money.

Effects throughout the world

• 1931 Austria's biggest bank failed. 
• value exports fell between 1929-1931.

Recovery In The United States

• Franklin D. Roosevelt. 
• March4,1933, sought to restore Americans faith in their nation.