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Causes of great depression apworld history
Causes of great depression apworld history
Great Depression in United States causes
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[Doc 1]. This responsibility forced Germany into massive debt, as they had to pay large sums of money while their economy was still in ruins from the war. This plight initially led to the weakened economy described
The ever increasing penalties of consequence for Germany greatly increased their anger and their cause to restore their pride. Before the start of World War One Germany already had a great military size and a booming economy to back it up, resulting in Germany being the number one power in Europe at the time. The people’s pride in their nation grew at a ever steading rate, however there was a dark side. Germany also wanted to show the rest of Europe what they could do. Seeing a great opportunity with Austria-Hungary and Serbia along with Russia backing Serbia up went to at war each other, Germany lept for it, eager for blood.
The purpose of this excerpt is to show how severe the conditions are in Germany after a so called “peace treaty” is arranged. The depression in Germany caused them to then attempt to create jobs, hence the production of guns, tanks, and airplanes enforced by Hitler and later causing World War II. In document 6, Heinrich Hauser shares With Germany’s Unemployment. This excerpt shows how dreadful the conditions were in Germany. The purpose of this document is to attempt to create a mental picture of the actual event occurring, and how arduous it was.
The Great Depression was a time where both Germany and the United States faced a low point in their Government. Unemployment was at an all-time high and both countries needed a leader who could guide them. Both Germany and the United States suffered from poor governing from past leaders and both had little faith in their country. Hitler and Franklin D. Roosevelt provided just that. Both Hitler and Roosevelt came to power in 1933.
They felt vulnerable to everyone. France is right next to Germany, and refuse to let them have any military forces at the border. (Doc A) Germany is even more defenseless and they have to obey by what France tells them. Since
The average income of the American family dropped 40 percent from 1929 to 1932. Income fell from $2,300 to $1,500 per year. People lost their jobs, struggled to provide for their families, and subsequently business failed. Just as people were optimistic about the overall state of America it took a turn for the worst. The great depression hit in the fall of 1929.
During the 20s, which became known at the Roaring 20s, American society was at an all time high and people were prospering as the nation’s wealth almost doubled and American was sent into the modern, consumer age. However following almost directly after the Roaring 20s, America entered a period of economic failure, also known as the Great Depression. During this period, the U.S faced economic, social, and political turmoil. The government and various individuals quickly sought after solutions to address the problems facing America during this time. Herbert Hoover, who was President at the start of the Depression, and his many reforms intended to revitalize the economy and create more jobs but would fail and his belief in rugged individualism
The Great Depression of 1929 was one of America’s most influential downfalls that crippled society for years. The depression caused many years of failure and poverty for almost all of society. The government’s role during these times was crucial and critical for turning around the economy. The depression had a major effect on government’s power and involvement with the people and states. The government was less involved before the depression.
A prominent war such as this one is destined to leave a mark on the people of America whether it being compelling to its people or not. The Great Depression of the 1930s was one of the greatest factors that led the U.S. to its involvement with World War II. This was America’s most substantial economic crisis in history. During this time, more than a fourth of the workforce was unemployed. America’s entry to the war brought an end to this seemingly never ending plight for citizens.
During the years of 1929 to 1939, the Great Depression affected American life negatively. The Great Depression began after the stock market crash of October 1929. Many Americans, especially ones that were poor, became unemployed. Most of the country’s banks failed during these years, investment also dropped. The economy during these years became poorly and one man came up with these programs called the “New Deal”.
The young Weimar Republic was wracked by armed street fighting waged mainly between Communists and Nazis. Foreclosures, bankruptcies, suicides and malnourished all skyrocketed. Six million Germans, 40 per cent of the working population, were unemployed; and thousands found themselves without a place to live….” (2) The Bruning government failed to respond to the German population
By Hindenburg and Von Papen giving Hitler the role of Chancellor – thinking that Hitler can be easily manipulate. Furthermore, without the Great Depression and its world-wide economic crisis, the Nazi party would have remained a small political group without much of a say in the government like it had been from 1924 – 1928. During this period, Germany was slowly but surely recovering from the hyperinflation period. The Nazi fed off this Depression a gain a foothold in the
After Germany signed the Treaty of Versailles nations of Germany had live miserable lives, because high inflation happened in Germany. Germany made a wrong decision when they had to pay money. Instead of taxing people to give money for the damage to Allies, Germany borrowed a lot of money from other countries. As a result they had to pay more money with a huge debt.
In order to assess the significance of the Great Depression, we must consider the different ways in which the Great Depression was significant. The Depression was primarily significant to the German economy and German people. The Great Depression was a very significant event to Germany. It was significant to Germany because they had a turning point in the Great Depression that had many side effects on Germany. The Great Depression had a long-term problem with social, economic, and social weakening during 1929-1939.
Nishat kazi (Muniya) 11th grade The Great Depression was one of the worst downturn of economy in the history that took place during the 1930s. It had a catastrophic effect in countries on both rich and poor. Though there are a lot of causes behind the Great Depression,the main three causes were-1.Bank failure 2.Stock market crash 3.laissez faire.
