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The impact of the depression
- Producers overproduced
- Too much supply, not enough demand
- Too much supply, not enough demand
- 1929- USA stopped lending money, called in its loans
- 1930- nearly 2000 banks collapsed
- 1933- nearly 12 million unemployed in USA
- 1933- nearly 12 million unemployed in USA
- 1930- nearly 2000 banks collapsed
- Most industrial countries affected
- Banks failed, industries struggled, trade to a hault
- USSR = Least affected
- 2.5 million unemployed in Britain
- 30 million unemployed in west countries
- 6 million unemployed in Germany by 1932
- 6 million unemployed in Germany by 1932
- 30 million unemployed in west countries
- 2.5 million unemployed in Britain
- USSR = Least affected
- Banks failed, industries struggled, trade to a hault
- Widespread poverty
- More likely to support right wing
leaders; hoping for a strong government
- 1933- Nazis elected in Germany
- Wanted to defy L.O.N by overturning T.O.V
- Britain+France =Less willing to help: wanted
to concentrate on domestic issues
- Britain+France =Less willing to help: wanted
to concentrate on domestic issues
- Wanted to defy L.O.N by overturning T.O.V
- 1933- Nazis elected in Germany
- More likely to support right wing
leaders; hoping for a strong government
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