Unit 2- 1930’s and World War 2 Study Notes
Adolf Hitler:
- Born in Austria in 1889
- In 1909 after failing to be accepted into art school, he was forced to move to Vienna and live in a group home for men
- Hitler moved to Germany in 1913 and joined the army, serving during ww2
- After the war he was a spy for the army, his job was to infiltrate a small political party that the army feared was going to begin a communist revolution
- In 1923 as a member of the same political party Hitler tried to overthrow the government, but he failed and was put in jail for 8 months but got out in 6 months
- During his time in jail he wrote a book called Mien Kampf, meaning my struggles, the two major themes in this book were lebensraum which meant living …show more content…
Overproduction
• Companies believed people would buy forever
• When crash hit, companies couldn’t sell their goods
They went bankrupt
Stock
A unit of ownership in a company.
Stock Broker
A broker who buys and sells securities on a stock exchange on behalf of clients.
Stock Market Crash
1) Overvalued stocks:
• People bought stocks and paid what they thought was a good price
• People were reckless and threw large amounts of money into stock market
2) People bought stocks on credit
• Obtained loans to buy things they couldn’t pay for
• People were in debt
3) Overproduction:
• Companies believed people would buy forever
• When crash hit, companies couldn’t sell their goods
• They went bankrupt
4) Raising tariffs to protect domestic markets
5) Stock market crashed in 1929 on Black Tuesday
• People were in a panic to sell stocks
• Everyone selling and nobody buying
• Stock prices collapsed
IMPACT:
Thousands of Investors wiped out
Banks demanded payment for loans but borrowers couldn’t
Adolf Hitler:
- Born in Austria in 1889
- In 1909 after failing to be accepted into art school, he was forced to move to Vienna and live in a group home for men
- Hitler moved to Germany in 1913 and joined the army, serving during ww2
- After the war he was a spy for the army, his job was to infiltrate a small political party that the army feared was going to begin a communist revolution
- In 1923 as a member of the same political party Hitler tried to overthrow the government, but he failed and was put in jail for 8 months but got out in 6 months
- During his time in jail he wrote a book called Mien Kampf, meaning my struggles, the two major themes in this book were lebensraum which meant living …show more content…
Overproduction
• Companies believed people would buy forever
• When crash hit, companies couldn’t sell their goods
They went bankrupt
Stock
A unit of ownership in a company.
Stock Broker
A broker who buys and sells securities on a stock exchange on behalf of clients.
Stock Market Crash
1) Overvalued stocks:
• People bought stocks and paid what they thought was a good price
• People were reckless and threw large amounts of money into stock market
2) People bought stocks on credit
• Obtained loans to buy things they couldn’t pay for
• People were in debt
3) Overproduction:
• Companies believed people would buy forever
• When crash hit, companies couldn’t sell their goods
• They went bankrupt
4) Raising tariffs to protect domestic markets
5) Stock market crashed in 1929 on Black Tuesday
• People were in a panic to sell stocks
• Everyone selling and nobody buying
• Stock prices collapsed
IMPACT:
Thousands of Investors wiped out
Banks demanded payment for loans but borrowers couldn’t