The Great Depression

Postwar Europe

• Nearly every major European country bankrupt.
• New Democracies at the end of the war.
• Citizens had little to no experience with representative governments

The Weimar republic

• Named after the city where meetings met.
• Germany suffered, due to not raising wartime taxes like other countries. 
• Over printed money to compensate leading to inflation.
• Originated in 1919.

Financial collapse

• Economic collapse in 1929.
• People's money was gone.

Stock Market crash

• 1929 Stocks collapse.
• U.S economy price labeled as rising.

Great depression

• By 1932 factory production had been cut in half.
• 9 million people lost all of there savings.
• By 1933 1/4 of American workers had no job.

Global depression

• Collapse of American economy sends shock waves.
• Almost all investors withdrew their money.
• Countries that relied on the U.S for exports suffered.

the world confronts the crisis

• Britain increased taxes and high tariffs. 
• France lessens dependencies on agriculture.

Solutions

• Cooperative community action to help with the crisis.
• Democracy remained intact and all citizens where taxed.

Recovery

• In 1932, in the first presidential election after the Depression had begun
• Franklin D. Roosevelt elected U.S president.
• "New Deal" helps provide jobs.