Writing Assignment Georgia History The Great Depression forever changed and effected Americans, the economy, and surrounding nations greatly. Millions of Americans lost their jobs and homes. The economy experienced major defaults in banking and trading. Europe and many other nations were set back from many of our inabilities to finance their needs and help with their broken economies as well. Many events as a whole led to the depression.
After the American War of Independence, the state finance was dire the national debt had risen to £242 million in 1784. Pitt had to think about how to cut expenditures, whilst raising taxes to meet the deficit; this was however unpopular due to losing the war. Also pitt was keen to create a new more efficient system of collecting tax. This was to be the key to his success as Prime Minister and his financial policies revealed his genius. His taxation policies were generally successful, as the amount of tax reaching the treasury had improved dramatically, even doubled.
What Evans means by this is that the desperation of the people led them to polarising their votes and seeing radical leaders like Hitler as a solution to the mess that Germany had become. Hitler took advantage of this, and from there was able to play a huge role in the collapse of the Weimar Republic. The economic strain that Germany was placed under was also a major impact of the Depression on the collapse of the Republic. Firstly, the Depression had the obvious impact of the debt rising and the banking crises however, there were a number other impacts. Germany relied heavily on international trade for resources; almost one third of their resources came from overseas.
To what extent should the 1920’s in America be remembered as good times or bad times? After World War one and the Treaty of Versailles, America became an isolationist. This meant they isolated themselves from all the other countries and didn’t get involved in other countries problems, America decided to take care of her own problems. During the 1920’s the USA became the richest and most powerful country in the world as a massive economic boom had occurred. However in 1929 disaster struck as banks went bust and share prices hit rock bottom.The roaring twenties, the age of excess and the Jazz age.
Two and a quarter billion dollars is a large sum of money, and if the United States were to lose this money, it would have more than likely been catastrophic and it would've brought about economic collapse in America. It was vital that in some way, the United States ensured the return of their borrowed money. At the time, many people were aware of the massive amounts of money funded in the war. In opposition to Woodrow Wilson's War Message, Senator George W. Norris talked about the money that has been spent.We have loaned many hundreds of millions of dollars to the Allies in
Treaty of Versailles was the peace treaty which officially ended World War I. it was very burdensome on the German economy. Germany was just a devastated by the war as anyone else, but they were very hard pressed to rebuild with the massive reparation payments they were required to make. But the reason why they did soo debt on them is because of Germany made a great destruction on countries, especially on French. I think the reasons for WW2 were: Treaty of Versailles, Hitler’s rise to power and Militarism. Treaty
One thing the Germans were not happy in the treaty of Versailles is the War Guilt Clause, take blame for the war. Because of this they had to the reparation to the big three. The German government didn’t have the money to pay for the reparation as the country just lost a war and the factory are destroy and the environment is in a poor state. So then the USA banks lend Germany government loans. Its was all going well as Germany was getting in a better state and they are paying their reparation until 1929.
Was the Great Depression the main reason why the Nazi Party grew between 1929 and 1932? The Great Depression is the most significant reason because it made people turn to the extreme ring-wing and left-wing parties. The Wall Street crash sent stock markets plummeting in October 1929. In a very short time Germany were very badly affected. American businesses lost vast amounts of money and to repay the debt they asked German banks to repay the money they had borrowed.
After the massive stock market crash, the public became wary of spending money and began to reduce expenditure. A decrease in goods purchased caused a decrease in production making thousands lose their jobs, raising the unemployment rate to 25%. In an effort to reduce the damage that had been done, the American Government decided to place a heavy import tax which was designed to protect American companies. This tax instead reduced trade between America and Europe drastically, this tax was called the Smoot-Hawley
6) Hoovervilles were named after Herbert Hoover because he was the president at the time of the great depression. The American people felt like he was to blame for the terrible economy because he raised taxes when he promised that he wouldn't as well as creating the Smoot Hawley tariff which eventually cut America off from foreign trade, tightening the grasp that the depression already had on the U.S. The negative view that the American people had of Hoover was not fair because he put forth more effort than any other president before him to pull America out of a