Contextualization: The Great Depression: Event Cards
WORLD HISTORY PROJECT 1750 / LESSON 7.2 ACTIVITYCONTEXTUALIZATION: THE GREAT DEPRESSION EVENT CARDSThe First World War was the first total war. It included nation-states and colonies from every region of the world.After the Allies won the First World War,consumerism increased, with many people buying goods through loans or credit.Global manufacturing and trade significantly declined after 1929.In 1929, the US stock market crashed, which negatively impacted financial markets around the world.In America, the top 1 percent of the population owned more than half the nation’s wealth.People cut back on buying non-essential goods.From the fifteenth century through the nineteenth century, European nations established colonies around the world.As manufacturing and trade declined, global unemployment rates skyrocketed.Many governments responded to the financial crisis by placing taxes on foreign goods.Wealthy Wall Street financiers made risky investments in the stock market.After the First World War, European nations took out loans from the American government, banks, and investors to rebuild Europe.Imperial nations and their colonies were politically and economically tied to one another.