wh10a-CTT-CT61-CT82
12/12/2003
CT
9:49 AM
Page CT67
Chapter 31:
Visual Summary
MCDOUGAL LITTELL
67 World History: Patterns of Interaction
The Great Depression
Long-Term Causes
•
World economies are
connected.
•
Europe relies on American
loans and investments.
•
Some countries have
huge war debts from
World War I.
•
Prosperity is built on
borrowed money.
•
Wealth is unequally
distributed.
Immediate Causes
•
•
U.S. stock market crashes.
•
•
Banks demand repayment
of loans.
Farms fail and
factories close.
Americans stop loans
to foreign countries.
•
Americans reduce foreign
trade to protect economy.
•
American banking
system collapses.
© McDougal Littell Inc. All rights reserved.
WORLDWIDE ECONOMIC
DEPRESSION
Immediate Effects
•
Millions become unemployed worldwide.
•
Businesses go bankrupt.
•
Governments take
emergency measures
to protect economies.
•
Citizens lose faith in
capitalism and democracy.
•
Nations turn toward
authoritarian leaders.
•
World War II breaks out.
Long-Term Effects
•
Nazis take control
in Germany.
•
Democracies try social
welfare programs.
•
Fascists come to power
in other countries.
•
Japan expands in East Asia.