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European Crisis
After the WWI, the European countries fall in a crisis, in addition of a general lack of demand for products. Also, there were production difficulties. Germany had to pay 6000 millions marks for war reparations, and UK and France used that money to pay USA Germany couldn't pay, so Germany pay for parts -
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Roaring Twenties
During this period the people started to invest a lot, making USA economy to rise in giant steps. People started working in the USA 8 hours a day. This made people have more freedom, so they could enjoy leisure activities. The electricity at night made night activities more frequent, like going to the cinema at night, bars, night clubs, and the Music halls were more popular Women started to enjoy more freedom, they could play sports, go to the cinema, etc. And they could do ''men'' activities -
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Nazi Germany
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Italian Facism
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Stalisim USSR
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Great Depression Causes
As the economy of USA started to grow, other things weren't as good as we thought. Agricultural overproduction was one of the main causes, farmers had to low their prices, so many stop with that job and went to the city. Also the industrial overproduction was an important point. But the main point was the spectulation on the stock market meant that even when companies stopped growing, share prices rise more. People even take their saving or even loans to purcharse more shares -
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Great Depression
Due the importance of USA in the global economy, the European imports fell. Inmigration fell as the imports were a lot expensive, and the world trade declained a 60%. Unemployment, poverty and misery spread around the world. Franklin D. Roosevelt introducced his New Deal: Social aid was provided to those who needed the most Employments was increased through public works Boost the agricultural sector, protecting the farmers and paid for more Banking system was reformed -
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Third Reich