4.2 Germany becomes a republic deel 2

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• Leerjaar 3

4.2 Germany becomes a republic

Part 2 

(....and a small part of 4.3)

At the end of this lesson...

• You will be able to explain why things started looking up for Germany. 
• You will be able to explain the Wall street crash.

What do you remember from the last lesson?

Things are looking up

• Gustav Stresemann takes action: He convinces France to leave the Rhur + he destroys the old, worthless money and replaces it with a new currency.
• He also agrees to the Dawes Plan.
• He signs the Locarno pact: Germany agrees to the boundaries set in the Treaty of Versailles

Why are things looking up for Germany?

Everything was going well....

• ....Until 1929.
•  The Wall street crash happened in the U.S, which caused the Great Depression.
• Poverty arose in the U.S. (Hoovervilles) but other countries were hit hard as well...especially Germany.

• Overproduction in the agriculture sector (WW1)
• Much is bought on credit (debts)
• Lots of trust in stocks/investments.

Black Thursday (October 24th 1929)

Companies and banks go bankrupt

Poverty

Decline in trade causes a global economic crisis

Once again, one man tried to take advantage of the situation....

Try to explain the Wall Street Crash in your own words!

Homework

Paragraph 4.2 exercise 6, 7 and 8

Extra time left?

https://vandaagindegeschiedenis.nl/

Which historical event happened on your birthday?