The Roaring Twenties and the 1929 Stock Market Crash

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What was a major social condition in Europe after World War I?

Former soldiers could not find jobs

The Russian Revolution led to the establishment of a democratic government in Russia.

False

What was the name of the leader who emerged after Lenin's death in 1924?

Joseph Stalin

The Treaty of Versailles imposed harsh conditions on ___________________, leading to resentment and contributing to political instability in Europe.

Germany

What was a consequence of the Russian Revolution for the Romanov dynasty?

It ended the centuries-long rule of the Romanov dynasty

The United States emerged as a dominant global power before World War I.

False

Match the following dates with the events:

1917 = The Russian Revolution began 1922 = The union of soviet socialist republics (USSR) was formed 1924 = Lenin died and Joseph Stalin emerged as the leader of the Soviet Union

What was the name of the government that emerged in Russia after the abdication of Czar Nicolas II?

The soviets and the provisional government

What characterized the Roaring Twenties in the United States?

Economic prosperity, technological advancements, and cultural dynamism

The stock market crash of 1929 occurred on a day known as 'Black Monday'.

False

What were some of the economic impacts of the Great Depression?

High unemployment rates, deflation, and economic stagnation

The Great Depression had global repercussions, impacting economies ____________________.

worldwide

What is a characteristic of fascist ideologies?

Dictatorial power, extreme nationalism, and the suppression of opposition

Match the following terms with their definitions:

Authoritarianism = A form of government characterized by strong central power and limited political freedoms. Fascism = A far-right political ideology that emphasizes dictatorial power, extreme nationalism, and the suppression of opposition. Nationalistic ideologies = Ideologies that emphasize the importance of national identity and loyalty. Suppression of dissenting opinions = The act of silencing or punishing opposing views or opinions.

Ecuador was not affected by the Great Depression.

False

What is one common trait of both authoritarianism and fascism?

Strong central leadership

Study Notes

Social Conditions in Europe after WWI

  • Former soldiers struggled to find employment after the war
  • Rebuilding costs were extremely high, adding to the economic burden

Russia's Contradictions in the Early 20th Century

  • Wealth was concentrated in the hands of a few, primarily in Moscow and Saint Petersburg
  • Over 80% of the population lived in poverty, creating vast social and economic disparities

Russian Participation in WWI

  • Russia's involvement in WWI was disastrous for the economy, attributed to poor administration by the czar

Russian Revolution

  • Czar Nicholas II was forced to abdicate due to internal unrest, including strikes and protests
  • Two opposing bodies emerged after his abdication: the soviets and the provisional government
  • Lenin led the Russian Revolution

Russian Revolution Timeline

  • 1917: Czar Nicholas II abdicated, ending the Romanov dynasty's rule
  • 1922: The Union of Soviet Socialist Republics (USSR) was formed, unifying diverse regions under a centralized communist government
  • 1924: Lenin died, and Joseph Stalin emerged as the leader of the Soviet Union, introducing the "Five Year Plans"

Impact of Russian Revolution on Political Landscape

  • The Russian Revolution led to the overthrow of the Tsarist autocracy and the establishment of the Soviet Union, a communist state

Treaty of Versailles

  • Imposed harsh conditions on Germany, leading to resentment and contributing to political instability in Europe

Rise of the United States

  • Emerged as a new global power after World War I

The Roaring Twenties

  • Characterized by economic prosperity, technological advancements, cultural dynamism, jazz music, flappers, and the Harlem Renaissance in the United States

Stock Market Crash of 1929

  • Factors leading to the crash included over-speculation and lack of regulation
  • Referenced as "Black Tuesday" (October 29, 1929), marking the onset of the Great Depression

The Great Depression

  • Resulted in high unemployment rates, deflation, and economic stagnation
  • Led to poverty, homelessness, and social unrest
  • Had global repercussions, impacting economies worldwide, with international trade decline leading to economic contraction and social hardships
  • Specifically affected Latin America, particularly Ecuador, where falling cocoa prices resulted in an economic downturn and political instability

Authoritarianism and Fascism

  • Authoritarianism: a form of government characterized by strong central power and limited political freedoms
  • Fascism: a far-right political ideology that emphasizes dictatorial power, extreme nationalism, and the suppression of opposition
  • Common traits of both include strong central leadership, suppression of dissenting opinions, and nationalistic ideologies
  • Argentina was influenced by fascist ideologies

Explore the defining characteristics of the Roaring Twenties in the United States, including economic prosperity, cultural dynamism, and the Harlem Renaissance, as well as the factors leading to the stock market crash of 1929.

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