Transcript Long-Term Results of World War I

Long-Term Results of
World War I
Postwar Problems-Boom and Bust in the
United States
Objective: Assess the global impact postWWI economic turmoil—Worldwide
Depression
Partner Question
• Explain the objective in your own words.
Inspiration for District 12
in the “Hunger Games” ???
Appalachia
Movie Set=NC
Depression
Boom and Bust in the United
States
• The United States did
much better financially
than the rest of the
world in the 1920s.
• American business
greatly expanded.
• This period of
economic boom
brought wealth and
power to the United
States and prosperity
to many (but not all)
Americans.
Partner Questions
• Compared to the rest of the world,
how was America doing economically
in the 1920s?
• Give an example of how America was
doing economically.
Boom and Bust in the United
States
• U.S. investment and trade helped the struggling economies of
much of the world.
• Americans thought this economic boom would never end.
• But the U.S. economy had some serious underlying problems.
Partner Question
• How did America help the struggling
economies of the world?
• What did Americans think about the
economic boom?
Boom and Bust in the United
States
• First, it was actually producing too many goods.
• By the end of the 1920s, surpluses in agriculture and industry
were lowering prices.
• Some factories had to shut down, and many farms had to be
sold to pay debts.
Cotton bales waiting to be compressed
Farm Security Administration: Homeless family,
tenant farmers in 1936.
Farm foreclosure sale during the Great
Depression
Partner Questions
• What was an underlying problem of
the US economic system?
• What was lowering prices?
Boom and Bust in the United
States
• A second problem
was the unequal
distribution of wealth.
• The gap between the
richest 5 percent and
the rest of society
grew wider.
If it looks like a more dramatic
amount of inequality than you
are used to seeing, it may be
because this is plotting total
wealth rather than yearly
income.
Partner Question
• What was another problem of the US
economic system?
Boom and Bust in the United
States
• As a result of
overproduction and
unequal distribution of
wealth, prices began to
fall.
• Unemployment
increased, leading to
more farm and business
failures.
• The stock market crash of
1929 led to the Great
Depression—a time
when banks closed and
many people were
unemployed.
Barely surviving: Bud Fields and his family at
his home in Alabama in 1935
Dorothea Lange's "Migrant Mother," destitute
in a pea picker's camp, because of the failure
of the early pea crop. These people had just
sold their tent in order to buy food. Most of
the 2,500 people in this camp were destitute.
By the end of the decade there were still 4
million migrants on the road.
Partner Questions
• What caused prices to fall?
• When unemployment increased,
what did it lead to?
• Describe two aspects of the Great
Depression.
Worldwide Depression
• The failure of the U.S. economy had a global impact.
• All over the world, trade decreased, unemployment increased,
and business activity slowed dramatically.
• This drastic slowing of the global economy, or worldwide
depression, affected Europe, Asia, and Latin America.
• The global depression created social unrest in many countries.
• Some nations turned to socialism, while others like the United
States and Great Britain made changes within the capitalist
system.
• They gave their governments more control over their
economies.
Partner Questions
• The failure of the US economy had what kind of
impact?
• After the failure of the US economy what
happened across the world economically? [3]
• What vocabulary term describes what happened
to the world economy?
• What places were affected by the economic slow
down?
• What did the global depression create in many
countries?
The following pictures are
examples of social unrest
throughout the world
German Sparticists
(Communists) crowding the
streets of Berlin - January
1919
German Free Corpsman
(member of one of the
Freikorps) at a Berlin street
barricade during the March
1919 Sparticist uprising
A converted British tank put to German service in Berlin helping to crush the
Communist uprising there - January 1919
Mussolini marching with Fascists soon after his October 28, 1922 "March on
Rome"
Greeks fleeing Turkey - 1922
British troops bringing
food to London - 1926
Food trucks with an armored car escort,
General Strike, 1926, London
Germans searching for bits of coal - 1922
German 50 million Mark banknote printed on September 1, 1923 and worth about
$1 at the time (the back side was left blank to keep printing costs down). A few
weeks later it would be totally worthless.
Germans in line to buy scarce meat - 1923
The following are pictures
illustrating how Germany
conformed to the Treaty of
Versailles
German Abwehr [Intelligence] and a cannon
with a wooden barrel - "conforming" to
Versailles restrictions
German make-believe tank with cardboard
armor - "conforming" to Versailles restrictions