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6 - A Worldwide Depression
6 - A Worldwide Depression
BETWEEN
A WORLDWIDE DEPRESSION
POSTWAR EUROPE
▸ Europes absolute rulers had been overthrown
WEIMAR REPUBLIC
▸ Named after city where national assembly
met
▸ Weaknesses
WEIMAR REPUBLIC
▸ Financial Crises
▸ Bread Prices
ECONOMIC STABILITY
▸ Dawes Plan
▸ American banks
loaned Germany
currency to
strengthen its
economy
▸ Slowed inflation
▸ Attracted more
investors from the
US
▸ German factories
Diagram of the Dawes Plan
produced at a high
level again
A WORLDWIDE DEPRESSION
A GLOBAL DEPRESSION
▸ Great Depression caused American
bankers to withdraw their money from
overseas
BRITISH RESPONSE
▸ Elected the National Government
▸ Multiparty coalition
▸ Increased taxes
▸ Regulated currency
FRANCE’S RESPONSE
USA’S RESPONSE
▸ Hoover did little to help
▸ British Economist
▸ Wrote- General Theory The National Government of the 1930s was formed in response to
the Great depression, which affected Britain’s ability to manage
its finances.