Figure 3 shows the changes of global economic power over time. There are many reasons for the shifts in economic power such as the Second World War and the collapse of the British Empire. In 1913, Britain had a GDP almost twice the size of The USA's and made up 37% of the world's economy. By 1950, Britain's economic influence had decreased, its GDP now making up only 7% of the global economy. During this period The USA had become the world's largest economic power, making up 27% of the world's economy compared to the 19% in 1913.
The depression made people bankrupt and lose their jobs; Hitler and the Nazis promised people that they would get them jobs and solve unemployment. By 1930, the number of people unemployed was at 3,217,000 and the Nazis votes had gone up by 18.3%. Another reason why people would agree was that the ‘Wall Street Crash’ not only caused unemployment but also caused farmers to get evicted, have bad harvests, and
However, it was the effects of the Great Depression in Germany that brought the Nazi Party to its first real nationwide importance. The rise in unemployment in 1929–30 provided millions of jobless and unsatisfied voters whom the Nazi Party exploited to its advantage. From 1929 to 1932 the party vastly increased its membership and voting strength; its vote in elections to the Reichstag increased from 800,000 votes in 1928 to about 14,000,000 votes in July 193. By then, big businesses had begun to finance the Nazi party because of tax increases and communists. The effects of the great depression caused mostly by Wall Street crash and therefore the American investors urgently needed the return of money they had lent to businesses.
However it seems that when he promised this Lloyd George failed to note that there was a grim economic situation in Britain that threatened to thwart his scheme known as Reconstruction. The 750,000 Britons that were killed at war affected the economy in a very negative way, whilst the 1.6 million were wounded needed care and this was a priority. To add to these problems Britain were in huge war debt to the USA and Britain’s own debtors were failing to pay up. These problems meant that government spending had to be slashed by 12% in the Geddes Act, which meant that Reconstruction could no longer go ahead. This was the main factor in Lloyd George’s fall as the British people felt betrayed by their leader, they felt that Lloyd George and the coalition had lied to them and made promises that they failed to deliver on.
In Germany America’s economic failure contributed to the rise of Adolf Hiltler, so the Stock Market Crash had a domino effect on our country and others. In America there were 16 million unemployed, which was about one third of the available labor force (Livingston1). There was some companies that faired well through-out this gloom; Camel Cigarettes was the top selling tobacco product. The reasoning for that is people were stressed out and felt that cigarettes relived
Even though these two Presidents were both in term during the Great Depression, the two Presidents seemed to have very different viewpoints on how to take control and terminate the Great Depression. Herbert Hoover was America’s thirty-first President and was in office from 1929 to 1933 until Roosevelt succeeded him in his run for a second term. When the Great Depression first started to come up into conversations Hoover just thought of it as a little bump in the economy. Hoover then believed it would heal itself and everything would be fine, but, never had a backup plan. About a month later, the Great Depression took action on the stock market and would cause it to crash and put America and other countries around the world into a huge crisis.
Franklin D. Roosevelt: Road to the Presidency 6/10/10 Third hour Franklin Delano Roosevelt was responsible for the largest drop in the U.S. unemployment rate ever going from twenty-three percent in 1932, the year Roosevelt took office, to one percent in 1944, the year he died. This statistic illustrates the effects and the importance Roosevelt was to America. Roosevelt would have a long road to the presidency starting from his birth until his inauguration at the age of fifty-one. Childhood and Young Adult Life Franklin Roosevelt had an interesting lifestyle during his childhood. His childhood was extremely privileged, and Roosevelt was given opportunities many people did not have during their childhoods.
In the late 1920’s a change in the economy started, this change is now known as The Great Depression. The downfall of the economy started with banks and stock-market insecurity, and halted with President Franklin Delano Roosevelt’s New Deal. This revolutionary reform attempted to improve our nation by re-establishing American’s faith. Although not everybody regained the faith, the majority of people devoted to The New Deal rebuilt themselves, our economy, and the overall government. Without the help of our 32nd President, often called by his initials FDR, America could have ended in anarchy.
Was the great depression the main reason why the Nazi party grew between 192 and 1932? Many people believe that the Nazi party grew so rapidly because of the great depression. The great depression caused many problems to people’s lives. One group of people that were affected were the middle class. The great depression meant that many of the families had lost their savings; it was horrible to know that all the money that they had saved throughout the years has just vanished so quickly.
HINDENBURG The majority of Germans still feared Hitler. Hindenburg won the 1932 election with a clear majority. The NAZI's after Hitler's April 1932 election loss to Hindenburg were still the largest German political party, but did not have a majority in the Reichstag Paul von Hindenburg was 85 years old at the time -- old, tired, and some might say senile. He was likely not fully rational or in control of his faculties, and heavily dependent on advisers, who increasingly favoured the Nazis as the only alternative to the "chaos and anarchy" of the socialists and communists. The middle class had given Hitler a considerable amount of both