Question

cornell notes
avid
aice international
chapter 3: the league of nations and
international relations in
the 1930s
name:
source: great depression handout
learning objective: (should be answered in the summary)
3.1a describe the great depression and its impact on political ideologies
questions:
roaring 20s
1929
1930
1931
notes:
describe the economic climate:
wall street market crash:
causes
summary:

Explanation:

Answer:

Roaring 20s: A period of widespread economic prosperity, mass consumerism, booming stock market, and industrial growth in the US and Western Europe, paired with cultural shifts.
1929 Wall Street Market Crash: A sudden, sharp collapse of the US stock market in October 1929, marked by massive sell-offs, plummeting stock prices, and panic among investors.
1929 Crash Causes: Over-speculation in the stock market, overproduction in industries, unequal wealth distribution, weak banking system, and restrictive trade policies.
1930: The Smoot-Hawley Tariff Act was passed, raising US import duties and worsening global trade tensions; the Great Depression deepened with rising unemployment and business failures.
1931: The collapse of Austria's largest bank (Creditanstalt) triggered a European banking crisis; countries abandoned the gold standard to try to stabilize their economies.
Summary: The Great Depression was a global economic crisis starting with the 1929 stock market crash, preceded by the prosperous but unstable Roaring 20s. It led to mass unemployment, poverty, and social unrest, and weakened support for liberal democracy, enabling the rise of authoritarian, fascist, and communist ideologies across the world as populations sought radical solutions to the crisis.