The Great Depression

Tobias Wells

Summary

The Great Depression was worldwide economic depression in the past times World War II. The time of the Great Depression varied across nations, but in most countries it started in 1930 and lasted until the late 1930s or middle 1940s. It was the longest, most widespread, and deepest depression of the 20th century

Key Person

Adolf Hitler was an Austrian born German politician and the leader of the Nazi. He was chancellor of Germany from 1933 to 1945 and dictator of Nazi Germany from 1934 to 1945. Hitler was at the centre of Nazi Germany. Hitler had changed tactics and was for the most part playing by the rules of democracy. Hitler gambled in 1923, attempting to overthrow the young German democracy by force, and lost. Now he was claiming to overthrow it legally by getting elected while at the same time building a Nazi shadow government that would one day replace the democracy.

Events

1928 Great depression

  • The construction boom is over.

  • Farmers' share of the national income has dropped from 15 to 9 percent since 1920.

  • Between May 1928 and September 1929, the average prices of stocks will rise 40 percent. Trading will mushroom from 2-3 million shares per day to over 5 million. The boom is largely artificial.