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What caused the Great Depression and how did the United States and European nations recover? Thesis New Democracy Coali

What caused the Great Depression and how did the United States and European nations recover? Thesis New Democracy Coalition Government Weimar Republic Dawes Plan Kellogg– Briand The Great Depression U.S. Economy Black Tuesday Global Depression Recovery European Economy The New Deal

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What caused the Great Depression and how did the United States and European nations recover? Thesis New Democracy Coali

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  1. What caused the Great Depression and how did the United States and European nations recover? • Thesis • New Democracy • Coalition Government • Weimar Republic • Dawes Plan • Kellogg–Briand • The Great Depression • U.S. Economy • Black Tuesday • Global Depression • Recovery • European Economy • The New Deal • Conclusion: What economic lessons can be learned from the Great Depression?

  2. Coalition Government • Democracy introduced to European countries • Political parties run countries together called coalitions • They struggle with crises

  3. Weimar Republic • Government of Germany after the Great War • Very unpopular due to Treaty of Versailles • Economic problems due to reparations • Print more money to pay • hyperinflation

  4. Dawes Plan • Dawes Plan • US plan to help Germany with hyperinflation

  5. Kellogg–Briand • Pledged to renounce war as an instrument of national policy • No way to enforce treaty • League of Nations too weak with out US

  6. The Great Depression • US economy has a boom in the 1920s • 3 flaws in economy • Uneven distribution of wealth • Overproduction by business and agriculture • Lessening demands for consumer goods

  7. Black Tuesday • Stock market had boom in prices in 1929 • Buying on the margin • Prices collapse on Tuesday October 29 • Start of the Great Depression

  8. Global Depression • American bankers demanded repayment of European loans • US government places high tariffs on foreign goods, countries reciprocate • World trade drops 65%

  9. European Economy • Direct government intervention in economy • Communists become more popular in Europe due to failure of capitalism

  10. New Deal • President Roosevelt starts massive public work spending program called New Deal • Criticized by capitalists

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