Between the Wars

1920’s – Time for change

Look at the following images and write down what you think they have to do with the 20’s

A

B

C

D

E

F

G

H

I

J

K

L

1. From the previous images, write a few sentences outlining what you think the 1920’s were like.

2. Why do you think they were like this?

(Tip: Think about the fact that World War 1 was now over)

1930’s – The Great Depression

1. Read through the description of CRASH!2. Complete a diagram showing how and why the

stock markets crashed in the USA.3. Do you think the USA government could have

helped to prevent the crash?4. What do you think the consequences of the

crash would be?5. Why do you think the crash on Wall Street

impacted the whole world?

CRASH!

Because speculators (people who buy shares) are bankrupt, some banks have to close. 400,000 lost savings when the Bank of New York crashed.

The other banks only survive by calling in loans made to businesses.

Businesses have to scale down or even close down as a result

The results in high level unemployment: by 1933, 14 million in the USA. The USA government increase tariffs on foreign goods to make them more expensive, so domestic goods are cheaper, hoping to start a recovery. This is known as “Protectionism”.

Unfortunately this means that foreign businesses suffer, which reduces confidence in their economy, and stock market crashes start to occur all over the world.

Political consequences.

• Countries become inward looking and defensive at just the point the dictatorships become aggressive: a recipe for disaster!

Democracies Dictatorship

USAAUSTRALIABRITAIN FRANCE

GERMANYITALYJAPANRUSSIA

Key questions:

• Why did the stock market crash in America in 1929?

• How did the Wall Street Crash lean to an economic depression in America?

• Why did this Depression in America lead to a World Depression?

• What were the political effects of this World Depression?

Impacts of the Depression on the world...