Industrial Nations in the slump.

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Chapter 23 Industrial Nations in the Slump The Great Depressions mist critical effects were on industrialized nations.  Before the Depression The people in the primary-producing countries had low standards of living.  They wouldn’t feel shattering disappointment when either their incomes fell or they lost their jobs.  But the people of the industrialized nations had come to expect relatively high standards of life.  The industrialized societies were the richer societies and their people believed they had riches to lose.  5 world’s industrialized countries-germany, Britain, France, the USA, and Japan.  Britain France and US emerged with their traditional forms of gov. after Depression.  Japan and Germany would have political upheavals. Germany-Down the Road to the Third Reich:  After 1923 German economy had recovered in the second half of the twenties and the boom attracted investment from the US in turn stimulating further industrial development.  IN October 1929 Depression rocked the economy.  As American bankers and investors called for their money back, as world demand for manufactures and foodstuffs declined, as prices slumped, as banks went bust, unemployment in Germany grew to over 5 mil. By Sep. 1932.  The Depression took down with it the middle class-bank clerks, civil servants, office personnel-as well as the working class.  Hitler joined and became leader of (NSDAP) the National Socialist German Workers’ Party-the Nazis.  “National Socialism” itself was against large-scale capitalism but utterly
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opposed to international communism; it was aggressively nationalists and violently anti-Semitic(hostile to Jews).  IN that post-war period the Nazis formed their own private army-the brownshirted Sturmabteilung(SA)-for the political struggle that was being waged in the streets; they carred their new flag-blood red with a black swasticka(hooked cross)on a white circle.  ON 9 Nov. 1923 they entered Munich to begin their revolt against the gov. of the Republic.  IN prison Hitler wrote in his book Mein Kampf(my struggle) he was against the new Republic, against democracy, against Marxism, against liberals, and pacifists, against Christian moral values and the rule of law, ...

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