1. Chapter 30 The Global Great Depression, Latin America, and the Militarization of Japan

2. The Global Great Depression • War-induced inflation • Chronic Overproduction of food • Production exceeded demand • Drove down prices and earnings • Little Economic Intervention • Protectionist/Internationalist policies

3. The Global Great Depression • Consequences • Slowed investment • Unemployment • Increase in suicides • More employment of women • Greater government involvement in the economy

4. The Global Great Depression • Economic • Raised National Tariffs • Cut Government spending • Stagnation • Political • Impotent Parliaments • Increased Spending (Scandinavia) • Welfare State • Fascism Western Responses

5. Changes in Latin America • Results of WWI • Import substitution strategy • Inflation • Population growth • Labor and the Middle Class • Importance of urban labor • Middle class wanted power

6. Latin America • Ideology and Social Reform • Failures of liberalism • Corporatism • Mexico – land reform • Brazil – new constitution • Argentina – military rule

7. The Militarization of Japan • Authoritarian rule • Nationalism • 1910 – takes Korea • Depression hurts Japan less than other countries

8. Militarization of Japan • 1931: full industrialization; takes Manchuria • May 1932 coup • 1936: militaristic prime ministers take over • 1937-1938: invasion of China This terrified baby was almost the only human being left alive in Shanghai's South Station after brutal Japanese bombing