The Great Depression

How the Great Depression crashed the economy

What was the Great Depression

The Great Depression was an economic drought in North America, Europe, and other countries that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the United States.

How the Great Depression affected the worlds economy

The Great Depression was a global crisis , unlike previous economic downturns which generally were confined to a handful of nations or specific regions. Africa, Asia, Australia, Europe, and North and South America all suffered from the economic collapse. This collapse lasted a record 10 years which is one of the longest droughts of an economy ever

How the Great Depression effected the world

International trade fell 30 percent as nations tried to protect their industries by raising tariffs on imported goods. By 1932, an estimated 30 million people were unemployed around the world.
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The communist effect on the Great Depression

The great depression affected many communitist countries because they used fascism and militarism was a response found in Germany, Italy, and Japan. In Germany, Adolph Hitler and his Nazi Party promised to restore the country's economy and to rebuild its military. This is how Adolf Hitler became the leader of Germany. The people of Germany we poor and need a change so they looked to Hitler for a leader.
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The effect of the Great Depression on Russia

The Way the Great Depression affected Russia was the use of totalitarian communism. In the Soviet Union. The Great Depression helped solidify Joseph Stalin's grip on power. In 1928, Stalin instituted a planned economy. This plan was the "five year plan".
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Final response to the great depression

The final response to the Depression was welfare capitalism. Welfare Capitalism can be found in countries Canada, Great Britain, and France. Under welfare capitalism, government assumed ultimate responsibility for promoting a reasonably fair distribution. In welfare capitalism wealth and power and for providing security against the risks of bankruptcy, unemployment, and destitution. The government was able to pull us out of one of the roughest times in the United States history.

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Citing sources

-McGraw, Kevin. "The Great Depression." The Great Depression. N.p., 3 Apr. 2011. Web. 1 June 2016.

-Charles Duhigg, "Depression, You Say? Check Those Safety Nets", The New York Times, March 23, 2008.

-Richard, Clay Hanes (editor) (July 2002). Historic Events for Students: The Great Depression(Volume I ed.). Gale.

-Robert Whaples, Where Is There Consensus Among American Economic Historians? The Results of a Survey on Forty Propositions., Journal of Economic History, Vol. 55, No. 1 (March 1995), p. 143

-Fisher, Irving (October 1933). "The Debt-Deflation Theory of Great Depressions". Econometrica

-Herman, Arthur, The Cave and the Light: Plato versus Aristotle, and the Struggle for the Soul of Western Civilization