the great depression and its impact on america and the league Flashcards
1
Q
america’s prosperity pre wall street crash
A
- wages were high with mass production of goods
- the usa lent billions to european countries for war recovery
- people had bought shares in companies
2
Q
why did wall street collapse?
A
- american companies overproduced
- there was competition from japan
3
Q
impact of the depression on the USA
A
- asked for their loans to be paid back
- by 1930 nearly 2000 banks collapsed because people rushed to withdraw their savings
- 1933 there were 12 million+ people unemployed
4
Q
impact of the depression in other industrial countries
A
- britain had 2.5 million unemployed
- more than 30 million unemployed in countries of the west
- germany had 6 million unemployed by 1932
5
Q
(impact) the depression caused poverty
A
meant people were more likely to support extremists hoping for some strength
6
Q
nationalism
A
the belief that your own country’s interests should be put first
7
Q
how did the league become weaker in the depression?
A
britain and france were less willing to help the league. they wanted to deal with domestic problems
