The World in the Great Depression Chapter 13, Section 2
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- Slide 1
- The World in the Great Depression Chapter 13, Section 2
- Slide 2
- The Great Depression
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- Before the Crash Countries having difficulty before crash
Allies in debt to US Many nations still recovering from WWI
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- 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
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- 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
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- The World wide depression The postwar era left many countries
politically unstable. As the Depression continued, unrest grew
worse.
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- 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