The Great Depression

Postwar Europe

• World War 1 greatly impacted human suffering and economic terms
• Left every major European country almost completely bankrupt

Coalition Government

• Temporary alliance of several government
• Needed when no single party won a majority

Inflation

• Germany paid for economic problems so they printed more money 
• The money eventually started to lose value

Attempts at stability

• In 1923 Germany recovered  from inflation
• In 1924 a plan was made that helped slow inflation

Financial collapse

• Everyone started selling their stocks
• In 1929 the stock market collapsed

World effects

• In 1931 Austria's largest bank failed
• In Asia value of exports dropped half

The great depression

• By 1932 factory production was cut in half
• Around 9 mil. people lost savings in their bank accounts

France responds

• France preserved democratic government

Solution found?

• Sweden kept people employed
• Scandinavia increased unemployment insurence

Recovery in the united states

• Roosevelt began the New Deal
• government spending would create new jobs and start a recovery

The end