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Review the learning materials for Chapter 23 including the textbook, presentation, and module materials. Answer the following in a minimum of 100 words by Friday and respond to one other student in a minimum of 50 words by Sunday. Incorporate at least two listed sources, not provided by the course, and theircitations using proper APA format.
Discussion Question:
Section 5.2 – Worldwide Great Depression
After the end of World War I in 1918, Europe and the United States were optimistic that good times and prosperity would return. The prosperity that occurred from 1924-1929 was boosted by the American investment of bank loans to Germany. This would change as Americans focused on the booming stock market of the 1920’s. Despite the prosperity of the era, overproduction of agricultural goods and a slump in the coal industry pointed to a downturn in domestic economies. The United States Stock Market Crash of 1929 would lead to the withdrawal of American investment funds in Europe and an international financial crisis. In 1932, 25% of Americans and 40% of Germans were unemployed. Industrial production would plummet 50% worldwide. The social and economic repercussions were widespread. This desperation felt in Europe would provide the support needed for fascism to spread in many regions of the continent.
Discuss some of the causes of the Worldwide Great Depression. Discuss how the depression would affect one of the following nations – Great Britain, Russia, or Germany. How do you feel that the depression caused social and economic problems that would lead to World War II?
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