After WW1
Who lost WW1?
Germany
When Germany experienced inflation, what did printing more money do for the economy?
It made their money worthless and costs of products went up.
Which country recovered more quickly in Europe after the US Great Depression?
Great Britian
Who is FDR?
US President Franklin D. Roosevelt
What were War Reparations?
Money Germany had to pay back to countries after losing the war.
What did purchasing stocks on margin do to the stock market prior to 1929?
It led to the stock market crash i 1929
Why was France's recovery slower?
Political instability and high unemployment
What does President Roosevelt see as the most important task?
Putting people back to work
What was the name of Germany's new Democratic Government?
Weimar Republic
These factors:
*Speculation in the stock market
*Unequal distribution of wealth
*Overproduction
Led to what in the US?
Weakening of the US economy
When German's were using money as wallpaper, or note pads, what does that suggest about the German economy?
German money was worthless.
Who does Roosevelt see as being responsible for fixing the US's problems?
The government
What was happening in the US to the stock market?
Stocks were going up! There was a speculation (confidence) of increase.
What caused the US Great Depression to spread world wide?
US banks demanded repayment of loans to Germany. Then Germany could not pay war reparations to other countries. Then their economies and recoveries were effected.
How did the German people react to their government after the end of WW1?
They were angry and blamed the government
What Jobs did the New Deal provide?
New Government Job programs, building highways, the Hoover Dam, etc.