The Great Depression destroyed the Western economy when the stock market crashed causing unemployment to spike and the fall of international trade. These factors, in certain countries, led to the rise of totalitarianism.
Unemployment rates sharply rose for a decade during 1929-1939 due to The Great Depression.
After the U.S. economy fell, other countries were not far behind. The United States was a key player in international trade and its economic depression created spiraling effects throughout global trade The Great Depression hit countries in the west hard, and desperate citizens fell under the leadership of totalitarian leaders
The 1920s in America, better known as the "roaring 20s" was a time of great prosperity, soon followed by a time of great dismay. In the 20s, Americans were feeling good after our victory in the First World War and that meant a lot of spending. Citizens bought more of everything, especially stocks. The bad part was that Americans didn't necessarily have the money to buy these stocks so a lot of them were bought on credit. Due to this, the stock market didn't have any actual money to back it up and it crashed, in a major way. The Stock Market …show more content…
Hitler was a retired soldier from the First World War. He had the power to deliver passionate and almost hypnotic speeches. He used that power to, after joining the extremist National Socialist German Workers' Party (known as the Nazi Party), climb its ranks and eventually become the leader in 1921. At the time, Nazi Party was gaining some recognition, but after the Dawes Plan of 1924 and it looked like Germany was starting to restabilize, it didn't look seem that the political party was going to go anywhere, as a stable country is less likely to buy into a party built on extremist views, than an unstable one. In the May 1928 elections, the Nazi Party gained only 810,000 votes out of the 31 million cast.
Unemployment rates sharply rose for a decade during 1929-1939 due to The Great Depression.
After the U.S. economy fell, other countries were not far behind. The United States was a key player in international trade and its economic depression created spiraling effects throughout global trade The Great Depression hit countries in the west hard, and desperate citizens fell under the leadership of totalitarian leaders
The 1920s in America, better known as the "roaring 20s" was a time of great prosperity, soon followed by a time of great dismay. In the 20s, Americans were feeling good after our victory in the First World War and that meant a lot of spending. Citizens bought more of everything, especially stocks. The bad part was that Americans didn't necessarily have the money to buy these stocks so a lot of them were bought on credit. Due to this, the stock market didn't have any actual money to back it up and it crashed, in a major way. The Stock Market …show more content…
Hitler was a retired soldier from the First World War. He had the power to deliver passionate and almost hypnotic speeches. He used that power to, after joining the extremist National Socialist German Workers' Party (known as the Nazi Party), climb its ranks and eventually become the leader in 1921. At the time, Nazi Party was gaining some recognition, but after the Dawes Plan of 1924 and it looked like Germany was starting to restabilize, it didn't look seem that the political party was going to go anywhere, as a stable country is less likely to buy into a party built on extremist views, than an unstable one. In the May 1928 elections, the Nazi Party gained only 810,000 votes out of the 31 million cast.