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Wednesday, March 27, 2013

Global Depression

15 Chapter-421-426

10/11/02

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11:38 AM

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TERMS & NAMES

A Global Depression
principal(prenominal) IDEA

WHY IT MATTERS NOW

An frugal depression in the United
States spread throughout the human being and
lasted for a decade.

coalition
government
Weimar
Republic
Great
Depression
Franklin D.
Roosevelt
New Deal

Many social and economic programs
introduced orbwide to combat the
Great Depression are stable operating.

SETTING THE STAGE By the late 1920s, europiuman nations were construct war-torn

economies. They were aided by loans from the more prosperous United States. In the
United States, Americans seemed con?dent that the country would continue on the
road to even greater economic prosperity. One condense of this was the booming stock
market. Yet the American economy had serious weaknesses that were presently to bring
about the most severe economic downturn the world had yet known.

Europe After the War

THINK THROUGH HISTORY
A. Drawing
Conclusions How
did human War I
change the balance of
economic power in
the world?
A. Possible
Answers Europes
resources had been
drained by humanness War
I. japan and the U.S.
were economically
strong.

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In both human suffering and economic terms, the cost of World War I was immense.
The Great War left all major European country nearly bankrupt. Only the United
States and Japan came out of the war in
better ?nancial shape than before. Neither had been a wartime battle?eld. In
fact, both had expanded their trade during the war. In addition, Europes domination in world affairs had declined since
the war. The gigantic and brutal ?ght had
drained the continents resources.
New Democracies atomic number 18 Unstable

Wars end saw the sudden show of new
democracies. From 1914 to 1918,
Europes last absolute rulers had been
overthrown. The dynasties of the Hohenzollerns in Germany, the Hapsburgs in
Austria-Hungary, the Romanovs in
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