Great+Depression

The Great Depression​ The Great Depression was a time period in which [X the X] North America, along with Europe and other countries, experienced a prolonged economic slump, characterized by high unemployment and bank failures. In America, the stock market crashed in October of 1929. By 1931, the value of the stock was only worth less than a quarter of what it had three years ago. This sudden decline led to many people being laid off from factories and factories shutting down because of the lack of demand. The sharp decline of the economy in the United States, the economic decline spread throughout the world.

**Argentina and the Great Depression** Like most successful Latin American countries, Argentina was affected by the Great Depression. The crash of 1929 caused their increasingly successful economy to decline. However, despite the economic downfall, the Great Depression was most notic e able because of its influence Argentinean politics. The depression caused Argentina to look at new forms of government, most notably fascism.

The recession and low growth of the British economy was due to the decision to return to the gold standard with a overvalued pound. Britain's big problem was not until the early 1930s when they slipped into a severe depression. Britain's industrial production was less than one third that of the United States. Unemployment more than doubled by the end of 1930. British exports had dropped drastically in value by 50% causing unemployment rates as high as 70% in the shipping industry. These events lead to many hunger marches and mass amounts of men being sent to work camps.
 * Great Britain and the Great Depression**

You don't address how GB dealt with the Great Depression. The introduction of the welfare state is incredibly important. Remember, they don't fall under fascism for a reason.

Germany was hit hard by the effects of the depression because they were just coming out of their own financial problems with inflation. The Germans were already paying war debts, an now they weren't able to even make payments. Their industrial production was down 40% and their unemployment rates were already down 26%, and the new Weimar Republic was weak and caused them to lose faith in their government. The people soon looked up to either the Nazi or the Communist parties.
 * Germany and the Great Depression**

Germany- be careful while typing!

Before World War I, Italy was already having economic issues. Financial a id was one of the reasons Italy entered WWI in the first place [don't forget Italy wanted territory and hated Austria]. When the war ended, Italy expected to get the a id she needed and was promised, but instead the Treaty of Versaille s gave her nothing. The people of Italy became angry with the government. Inflation was happening, taxes were going up, but results were not seen. Their lack of faith in the government led them to start following Benito Mussolini's fascist movement.
 * Italy and the Great Depression**

Italy- a lot of careless typos. Egypt, Japan, and India- why aren't you here?