after the first world war, many nations faced grave difficulties. the great depression or time of...
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After the First World War,many nations faced
grave difficulties. TheGreat Depression or
time of severe economic contractiononly worsened these
problems.
![Page 2: After the First World War, many nations faced grave difficulties. The Great Depression or time of severe economic contraction only worsened these problems](https://reader035.vdocuments.net/reader035/viewer/2022062805/5697c0241a28abf838cd4d99/html5/thumbnails/2.jpg)
The Great Depression began withthe sudden and complete collapseof the New York Stock Exchange onOctober 29, 1929.
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Economic troubles increasedas people around the worldlost jobs. Unemployment rates were high. Hunger and poverty increased.
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In desperate times, people lookeddesperately for solutions.
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But prices kept rising. Inflation was out of control. The unemployedcouldn’t afford even higher prices.
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Poverty was everywhere!
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Unpopular governments were blamed for the suffering of thepeople.
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Germany’s Weimar Republic wasblamed for the Treaty of Versailles.
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New leaders emerged in Germanyand Italy. They promised the peoplean end to their suffering and humiliation.
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Fascism, a new political system,
developed. Fascist leaders
weretotalitarian
rulers. They exercised
absolute controlover the peopleand the state.
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In a Fascist nation, the state hadsupreme power and the individualserved the state.
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Criticism of Fascist governmentswas violently repressed.
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Freedom of speech and press ceased
to exist. The Fascist
governmentcontrolled all
media outlets.
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But Fascist governments promisedbetter days. Through military strength,a nation could be transformed.
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Yes, hard times had fallen. But the solutions offeredby Fascistspromised glory. Yet in the end, only war and more suffering weregiven!