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
