The rise of Mussolini and Hitler - the Great Depression

9 important questions on The rise of Mussolini and Hitler - the Great Depression

Why is Wall Street in NY known as the financial heart of the Western world?

You will find the biggest stock exchanges in the world.

How did the Wall Street Crash of 1929 bring an end to the prosperity?

The value of many stocks went down, promting the owners to sell their stocks as soon as possile. People lost their trust in the economic growth.

Why was the period called the Great Depression?

Ut was the longest, deepest financial crisis of the 20th century that eventually affected the whole world.
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What did Franklin Delano Roosevelt want to do against the crisis?

He promised to battle the crisis with a strategy called the New Deal.

What was the idea of the New Deal?

Giving the unemployed people money from the state, called dole. Roosevelt also ordered large building projects in which the unemployed constructed roads, parks, dams, bridges. The working conditions of labourers were improved. Gave subsidies to farmers, helped banks.

Why did the Great Depression have so much global impact?

It spread all over the world, because Americans didn't buy foreign goods anymore and banks wanted money back -> inflation.

How did the German Mark lose its value?

When in 1923 Germany was unable to pay the reparations, the French & Belgians invaded the Ruhr area, planning to get the money for themselves. The German workers went on strike and the government paid them with extra printed money.

Who helped Germany from 1923 until 1929 to restore their economy

USA - ordering the Belgians and the French to withdraw
Allies - Dawes Plan (solving to provlem of war reperations)

What did the Americans do in the crisis(Great Depression)?

They withdrew their money, which led to bankruptcy in Germany

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