March 7 & 8 Define blame.. Have you ever been blamed for something? How did that make you feel?

March 7 & 8

Define blame.

Define blame.

Have you ever been blamed for something?

How did that make you feel?

Impact of the Treaty of Versailles on

Germany

http://hometown.aol.co.uk/metalhead015/page3.html

1. Excluded Germany from the League of Nations

2. Took away its territories3. Severely restricted the size of their military4. Prohibited them from making or importing

any war material 5. Forbade them to have any submarines or air

force6. Blamed Germany for 100% of war (“War

Guilt”)7. Forced them to pay $33 billion to the allied

nations over a 30 year period.

Treaty of Versailles’ Treaty of Versailles’ Effect on GermanyEffect on Germany

Some people felt the Treaty of Versailles was too

harsh on Germany.

Treaty of Versailles Caused…Inflation!

• To pay for the war, Germany decided to print more money.– As the money lost its

value, they printed more and more.

• It then cost more and more to buy the same goods

One Loaf of Bread

1919 1922 1923

1 mark 160 marks 200 billion marks

Inflation is an increase in the price you pay for goods. It is the decline in the purchasing power of money.

Money Became Totally Worthless

• This caused the Germans to think their democratic government (the Weimar Republic) was also worthless.

• U.S. loaned Germany $2 billion to help with their economy in the 1920s.

• Only the U.S. and Japan had come out of the war in better financial shape than when they had gone into it.

• Neither had to fight on its own soil.

European Dynasties Were Overthrown

• From 1914 to 1918 the remaining absolute rulers in Europe had been overthrown.

• The Hapsburg, Romanov, and Ottoman dynasties/empires all ended.

• Democratic governments began popping up everywhere.

Depression = severe economic crisisDepression = severe economic crisis

Tariff = tax on imported goodsTariff = tax on imported goodsTariffs were supposed to supposed to protectprotect American farmers and manufacturers from foreign competition…

……BUT…they didn’t!!BUT…they didn’t!!

Tariffs reduced the flow of goods into the US and prevented other countries from buying American goods.

The bottom line – tariffs made it harder to tradeThe bottom line – tariffs made it harder to trade

HIGH PROTECTIVE HIGH PROTECTIVE TARIFFSTARIFFS

speculation

buying on margin

ignoring risk

unrestrained buying and selling

People bought goods that they couldn’t afford on credit

1.The Stock Market was the most visible symbol of American prosperity.

2. In the 1920s stock prices rose steadily.

3.Economists warned the people about the weakness of the economy.

Early September 1929: Stock prices peaked then fell and confidence begins to waver.

October 24, 1929: The market takes a plunge. Panicked investors unload their shares.

October 29, 1929: The Stock market crashes! Shareholders frantically tried to sell their stocks before prices went even lower. (16.4 million shares were traded)

October 29, 1929Black TuesdayBlack Tuesday

Safari Montage - People's Century The Saga of World War

II - Breadline: The Great Depression at Home

Impact Impact of the of the

Worldwide DepressionWorldwide Depression

High High Unemployment Unemployment

in Industrialized in Industrialized

CountriesCountries

25%25% in the in the United StatesUnited States

Bank failures and collapse of credit.

Many people lost faith in their democracies during the Great Depression, some turned

towards Fascism & Nazism.

Hard times make democracy &

capitalism seem silly

Fascism = government that emphasizes loyalty to the state and obedience to its leader.

National Socialist German Workers party • “Nazi”• Based on totalitarianism & belief in

racial superiority.

The importance of the Nazi Party grew in Germany.

The Nazi Party blamed European Jews for the economic collapse.

Faces of TotalitarianismFascist Italy Nazi Germany Communist

Soviet Union

Benito Mussolini

Adolf Hitler

Joseph Stalin

Hitler’s Rise to Power

• Read the article

• Answer the questions (1-7) in your journal

• Complete the Propaganda poster assignment. This is due at the beginning of next block!