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*Shares on American stock market
*Panic selling
*Economic Crisis
*World economy dependent on USA
Depression AND the USA
*4.5 million cars/year vs 1/2 million
*1929: $541 million
*1932: $76 million
*Fall in manufacturing
*Wheat: $200 million to $5 million
Isolationism
*FD Roosevelt
*1929
*'New Deal'
*Government spending
*Isolationist
Isolationism and The dictators
*USA Isolationist: Britain and France cautious
*Encouraged Hitler
*Abyssinia: USA sold oil to ITALY
Depression and Germany
*Heaviest hit
*1932 production down 60% from '28
*1932 one out of three unemployed
*Farmers and factory workers
Depression and Hitler
*1928: 12 seats
*September 1930: 107
*Communist party
*Democracy: Weak and worthless
*Unemployment: Street gangs
*July 1932: 230 seats
*Hitler: "Work and bread"
Depression and Britain
*Wrecked industry
*Worried about empire
*Couldn't fight Japan and Germany @ the same time
*Reduce defense spending
*German spending increasing
11:22 minutes
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