the world in the great depression chapter 13, section 2
TRANSCRIPT
- Slide 1
- The World in the Great Depression Chapter 13, Section 2
- Slide 2
- The Great Depression
- Slide 3
- Before the Crash Countries having difficulty before crash Allies in debt to US Many nations still recovering from WWI
- Slide 4
- How the Depression effects the World Britain had high interest rates and unemployment Germanys reparations led to high inflation, crippled economy Japans economic depression forced banks to close
- Slide 5
- Smoot-Hawley Tariff Act, 1930 Hoover signs into law Place a high tax on imports Encouraged Americans to buy American products Backfired: other nations increased their tariffs on American goods, trade at a stand still among nations
- Slide 6
- The World wide depression The postwar era left many countries politically unstable. As the Depression continued, unrest grew worse.
- Slide 7
- Political Impact Extremist political groups gain strength Germany: Nazi party blamed Jews Italy: dictator Benito Mussolini tightened control of the nation Widespread misery worldwide Ideal conditions for rise of leaders who promise to restore their nations to glory Worse crisis lay ahead