2.4.1

The Great Depression, 1929

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The 1929 Wall Street Crash

In 1929, the Wall Street Crash happened. The American stock market crashed and the country was plunged into the Great Depression as more and more American banks began to fail.

Stock market crash

Stock market crash

  • In 1929 the stock market in America crashed.
  • The price of shares on the New York Stock Exchange plummeted.
  • The country was plunged into a great economic depression.
    • Lots of people were unemployed and the value of American assets (things like shares in businesses, houses etc.) dropped massively.

Stock market crash: loans

  • America had loaned countries across the world lots of money to recover after WW1.
  • Because of the crash, American banks demanded these countries pay the money back.
  • This then helped to spread the Great Depression across the world.
Impact on the League of Nations

Impact on the League of Nations

  • Each country suffered severe economic issues.
  • Because of this, they started to take their attention off the League of Nations.
  • Each country focused on their own countries' problems.
  • This made countries more biased when deciding on issues the League was faced with.
    • Because their first priority was protecting their own country.
Extremist politics

Extremist politics

  • People in the countries that were suffering from the Great Depression started to turn to extremist parties who promised to end their suffering.
  • These extremist parties included Right Wing and Left Wing groups.
    • such as fascists and communists
Dictators

Dictators

  • The rise of the extremist dictators such as Hitler (Germany) and Mussolini (Italy) weakened the League.
  • These dictators had no intention of working with the League.
  • These dictators worked against much of the Leagues principles set out in their covenant (rules).
Jump to other topics
1

Was the Treaty of Versailles Fair?

1.1

What were the Motives and Aims at Versailles?

1.1.1The Treaty of Versailles1.1.2Roles of Wilson, Clemenceau & George
1.2

Did the Victors Get Everything They Wanted?

1.2.1The Terms: Territory1.2.2The Terms: Reparations1.2.3The Terms: Armaments1.2.4The Terms: War Guilt1.2.5The League of Nations1.2.6French Reaction1.2.7American Reaction1.2.8British Reaction1.2.9Countries Left Out of the Treaty of Versailles
1.3

What was the Impact on Germany up to 1923?

1.3.1German Reaction to the Treaty1.3.2Germany’s Allies1.3.3Economic Impacts: Ruhr & Hyperinflation1.3.4Social Impacts of the Treaty in Germany1.3.5Political Impacts of the Treaty on Germany1.3.6Reducing Reparation: The Dawes Plan
1.4

Could the Treaty be Justified at the Time?

1.4.1Positives & Negatives1.4.2Contemporary Opinions About the Treaty
2

Was the League of Nations a Success?

2.1

How did Weaknesses in the League Lead to Failure?

2.1.1The League of Nations2.1.2Structure of the League: Assembly & Council2.1.3Structure of the League: Special Commissions2.1.4Structure of the League: Permanent Court2.1.5Structure of the League: Secretariat2.1.6Financial Crisis in the World
2.2

The League’s Success in Peacekeeping

2.2.1Successes: International Borders2.2.2Successes: International Agreements2.2.3Failures: Vilna (1920)2.2.4Åland Islands 1920-212.2.5Failures: Corfu 19232.2.6Failures: Bulgaria 1925
2.3

How Important was the League's Humanitarian Work?

2.3.1Refugees, Health, Slavery, Working Conditions 12.3.2Refugees, Health, Slavery, Working Conditions 2
2.4

How did the Depression Impact the League?

2.4.1The Great Depression, 19292.4.2The Manchurian Crisis, 19312.4.3Invasion of Abyssinia, 1935
3

How did Hitler's Foreign Policy Impact the War?

3.1

What were the Long-Term Consequences of Versailles

3.1.1Long-Term Consequences of Versailles
3.2

What were the Consequences of the League's Failure

3.2.1The Disarmament Conference3.2.2Collapse of the League of Nations3.2.3Tension in Europe in the 1930s3.2.4WWII & Failure of the League of Nations3.2.5Weak Nations
3.3

Was the Policy of Appeasement Justified?

3.3.1The Spanish Civil War, 1936-393.3.2The Sudetenland3.3.3Arguments for Appeasement3.3.4Arguments Against Appeasement3.3.5Reasons & Acts of Appeasement3.3.6Impact of Appeasement
3.4

How Important was the Nazi-Soviet Pact?

3.4.1The Nazi-Soviet Pact3.4.2The Polish Crisis & the Outbreak of War
3.5

Why did Britain & France Declare War on Germany?

3.5.1The Guarantee for Poland and the War3.5.2Hitler’s Foreign Policy & Rearmament3.5.3Hitler's Plan3.5.4The Saar3.5.5Remilitarisation of the Rhineland3.5.6The Rome-Berlin Axis3.5.7Germany & Italy in the Spanish War3.5.8The Anti-Comintern Pact3.5.9Anschluss with Austria3.5.10The Munich Agreement3.5.11The Crisis over Czechoslovakia
4

Who was to Blame for the Cold War?

4.1

Why did the US-Soviet Alliance Break Down?

4.1.1Cold War - Definition4.1.2The Grand Alliance4.1.3The 1945 Summit Conferences4.1.4Early US-Soviet Relations4.1.5The Breakdown of the US-Soviet Alliance4.1.6Attitudes of Truman & Stalin4.1.7US & Soviet Attitudes to Peace
4.2

How did the USSR Gain Control of Eastern Europe?

4.2.1The USSR & Eastern Europe
4.3

How did the US React to Soviet Expansionism?

4.3.1The Beginning of the Cold War4.3.2The Truman Doctrine & Marshall Plan4.3.3East-West Boundaries4.3.4Berlin Crisis
4.4

What were the Consequences of the Berlin Blockade?

4.4.1Germany4.4.2Bizonia4.4.3Berlin Blockade4.4.4FRG & GDR4.4.5NATO4.4.6Warsaw Pact
4.5

Who was More to Blame for Starting the Cold War?

4.5.1The Responsibility for Cold War Tensions4.5.2Blame on the USRR4.5.3Blame on the US4.5.4Sharing the Blame
5

Did the US Contain the Spread of Communism?

5.1

The US and Korea, 1950-53

5.1.1The US and Korea: Background to the Crisis5.1.2The Korean War5.1.3The Course of the Korean War
5.2

The US and Cuba, 1959-62

5.2.1Build-Up to the Cuban Missile Crisis5.2.2The Cuban Missile Crisis5.2.3Consequence of the Cuban Missile Crisis
5.3

The US and Vietnam, 1955-75

5.3.1French Rule in Vietnam5.3.2President Eisenhower5.3.3President Kennedy5.3.4The Gulf of Tonkin Incident, 19645.3.5US Tactics5.3.6Vietcong Tactics5.3.7The Vietcong5.3.8The My Lai Massacre, 19685.3.9Vietnamisation5.3.10The Tet Offensive, 19685.3.11Attacks on Cambodia & Laos5.3.12The Bombing of North Vietnam5.3.13The Failure of Vietnamisation5.3.14The Growth of Opposition5.3.15The Draft System5.3.16The Kent State University Shootings, 19705.3.17Political Opposition5.3.18Reasons for Support 15.3.19Reasons for Support 25.3.20Political Support5.3.21Peace Negotiations5.3.22The Paris Peace Accords, 19735.3.23Economic & Human Costs 15.3.24Economic & Human Costs 25.3.25The Strengths of North Vietnam 15.3.26The Strengths of North Vietnam 25.3.27The Weaknesses of the US 15.3.28The Weaknesses of the US 25.3.29Opposition in the US5.3.30Reasons Why USA Lost
6

How was USSR's Control Over Eastern Europe?

6.1

Opposition to Control in Hungary & Czechoslovakia

6.1.1Causes of Opposition6.1.2The Hungarian Uprising6.1.3Czechoslovakia, 19686.1.4Reaction to the Brezhnev Doctrine
6.2

Similarities Between Hungary & Czechoslovakia

6.2.1Hungary and Czechoslovakia 16.2.2Hungary & Czechoslovakia 2
6.3

Why was the Berlin Wall Built?

6.3.1The Berlin Wall 16.3.2The Berlin Wall 26.3.3The U2 Crisis
6.4

Solidarity in Poland & Soviet Influence

6.4.1Solidarity in Poland
6.5

Gorbachev's Responsibility

6.5.1Reagan & Gorbachev6.5.2Reagan and the ‘Second Cold War’6.5.3The Collapse of Soviet Control6.5.4The Collapse of the USSR

Practice questions on The Great Depression, 1929

Can you answer these? Test yourself with free interactive practice on Seneca — used by over 10 million students.

  1. 1
    In which year did the American stock market crash? Multiple choice
  2. 2
    During the Great Depression following the 1929 Wall Street Crash, why did many countries focus less on the League of Nations and more on their own problems?Multiple choice
  3. 3
    After 1929, financial problems in the United States affected economies around the world.<br><br> How did the failure of American banks after 1929 contribute to the global spread of the Great Depression?Multiple choice
  4. 4
    During the Great Depression, political landscapes changed in many countries as people looked for solutions.<br><br> Why did extremist political parties gain support during the Great Depression?Multiple choice
  5. 5
    In the 1930s, the League of Nations faced challenges from powerful leaders in Europe.<br><br> How did the rise of dictators like Hitler and Mussolini during the Great Depression weaken the League of Nations?Multiple choice
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Refugees, Health, Slavery, Working Conditions 2

The Manchurian Crisis, 1931