The great depression
Published on Nov 18, 2015
Michael Sargent and Nicholas Beaudoin's history haiku
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The great depression
By Michael Sargent and Nicholas Beaudoin
postwar Europe
- New democracies were formed in Europe after the war
- Large political parties made it hard to make a good government
- A coalition government was made to make a temporary government
Weimar Republic
Weimar republic formed in Germany to get democracy into geramny
Hyper Inflation
Germany suffered from this making all their money worthless.
Economic stability
- America loaned money to Germany to help their government
- Germany and France tried to keep peace with each other
- They created a treaty promising to never fight again
- This treaty tried to prevent any more conflict between the countries
financial colapse
- U.S economy begins to fall
- Other countries start to fall apart without America to buy their goods
- World economy begins to fall apart
Stock market crash
- Wall street colapses
- everyone wanted to sell stocks
Great depression
American economy falls others fall with it
global depression
- unemployment rates rise
- America could not buy from other countries
- Leading to European countries with no one to sell to
Effects around the world
- Germany and Austria hit hard
- Farmers crop prices reduced to half in 2 years
Countries respond
- Britain helps economy by creating coalition government
- France holds on to democratic government
socialist government find solutions
recovery programs were formed in communist nations
Recovery in the U.S
- Franklin Delano Roosevelt is elected president
- he helped restore faith in the nation
The new deal
- Roosevelt's first act was to make the new deal
- New deal program created lots of jobs
- Helped reform Americas economy
Roosevelt changes U.S
Roosevelt changed the U.S and got them back on track
