Responses to the Great Depression (Soviet Union ( download , Joseph Stalin…
Responses to the Great Depression
The New Order
Tariff Act of 1930
Crash of 1929
The United States enjoyed a huge amount of wealth from after the war. Industrial wages were high, and the production and consumption was increasingly rapidly. Many people in the U.S began to buy lots of stock’s price in cash and borrowing the remainder from brokers and banks by mortgaging their homes. By October 1929, hints of a worldwide economic slowdown and warning from experts that stock prices were overvalued started investors to pull out of the market. On Black Thursday, a wave of panic selling on the New York Stock Exchange caused stock prices to plummet. Lead to lots of Americans losing their life saving and deepened when lenders called in loans, thereby forcing more investors to sell their securities at any price.
Five Year Plans- The Russian Five Year Plans are economic goals set every five years outlining certain quotas and achievements the government wants to reach over the following half decade. They are first put into place under Stalin in 1929 but continue until the fall of the USSR in 1991.
New Economic Policy
The Great Purge
War Communism- An economic policy instituted by Lenin during the Russian Civil War (1918-1921) in which all economic activity is focused towards the war effort. Nearly all production is of food and weapons.
Rise to power()
Nazi Party- The German political party headed by Adolf Hitler during the 1930's and 1940's. Originally an unpopular far-right fringe party, their national socialism policy gave the German people a scapegoat for their economic difficulties and eventually came to full power.
National Socialism- Also known as Nazism, National Socialism is the ideological branch of fascism that incorporates social Darwinism and strong anti-Semitism. It places the blame of political and economic failure on Jewish and racial minorities and promotes the belief that only ethnically pure Aryans are the true inheritors of the world.
The Racial State
Women and Race