Political Response To The Great Depression

On October 29, 1929, the New York Stock Exchange crashed and created chaos around the world; this event was known as Black Tuesday. After the crash, most of the countries went into a depression economically. This Great Depression forced most countries around the world to change the political, social and economic system in order to fight and overcome the depression. The Great Depression lasted until the end of 1930s in some countries and in others it lasted until the middle of the 1940s. Although Britain, France, and Germany had different political use and styles of coping with the economic collapse, they had the same political response and coping style with economic issues during the Great Depression.
The Great Depression hugely impacted the political unrest in Britain. Ramsay McDonald, founder of the Labor Party, joined with the Conservative Party to form a new coalition government called “National Government” in order to help the country overcome the Great Depression. However, the labor party dismissed Ramsay McDonald from the party and Stanley Baldwin, who was a leader of the Conservative Party, came in power to dominate National Government. This political party promised to restore economic and political instability caused by the Great Depression. As a …show more content…
The economy did eventually recover in Britain, Germany, and France during the Great Depression; however, this recovery was not possible without hardships, sacrifice, and significant long-term economic and social effects. Britain and France had to change the political parties in order to overcome the depression, but they kept the democracy. Lastly, Britain, France, and Germany used different policies in order to overcome the economic crisis during the Great