Group11p5

the great depression 1929 to1945

summary- The great depression began in 1929 when the stock market had gone down. A great a mount of inventors lost huge amounts of money. This crash had caused the great depression. This led to unemployment, homeless and people became poor. Many people started to depend on government charities. In the 1930s this became a worldwide slump of the nations. A couple of nations changed there leaders, Also there types in government. Poor economic conditions in Germany led to the power of Dictator Adolf Hitler. China was invaded by the Japanese. That developed industries and mines in Manchuria. Japan claimed this economic growth. President Herbert Hoover was in office when the great depression began. Then Franklin D. Roosevelt was elected in 1932.his “new deal” helped ease the depression. The great depression ended when the nations increased there production of materials for the start of world war two. That increased the production witch provided jobs an made more money. - timeline- why we like this class- We choose this period as our favorite because it is kind of laid back, and there is no rush on when our work has to be done. Well you have until the portfolio is due. Witch usually is the same day or the day after you have a test on the material you’re working on is due. Most of the material you do in this class is interesting. we also have our days when it can go by so slow and be boring but that’s only once in a while.but every one has there moments.there is one thing we didnt like witch was foldables.they didnt really help us learn about what the matearial was.
 * 1920- An average of 600 banks fail each year
 * 1923- President Warren Harding dies in office. Calvin Coolidge, becomes president. Coolidge is no less committed to laissez-faire and a non-interventionist government
 * 1924-The stock market begins its spectacular rise. Bears little relation to the rest of the economy.
 *  1929- Herbert Hoover becomes President
 *  1929- Recession begins in August, two months before the stock market crash. During this two month period, production will decline at an annual rate of 20 percent, wholesale prices at 7.5 percent, and personal income at 5 percent
 * 1931- No major legislation is passed addressing the Depression.
 * 1933- Roosevelt inaugurated; begins 'First 100 Days'; of intensive legislative activity.
 *  1939- The Depression is ending worldwide as nations prepare for the coming hostilities.
 *  1939- World War II starts with Hitler's invasion of Poland.
 * 1945- Although the war is the largest tragedy in human history, the United States emerges as the world's only economic superpower. Deficit spending has resulted in a national debt 123 percent the size of the GDP. By contrast, in 1994, the $4.7 trillion national debt will be only 70 percent of the GDP



