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Handout Great Depression
Handout Great Depression
Roaring Twenties
economic prosperity after World War 1
hope for maximal profit: many people invest in stocks
low unemployment
social inequality: in 1928, the “income gap” was at its greatest extent
Long-term effects
it took around 25 years for Wall Street to recover
the poor global economic outlook might have been a vital contributor to the start of World War II in 1939
international trade halved, especially as construction halted in many countries
vocabulary: prosperity – Wohlstand stocks/shares – Aktien insolvency – Insolvenz POTUS – President of the
United States (acronym) funds – öffentliche Gelder war bonds – Kriegsanleihen outlook – Ausblick
contributor – Mitwirkende*r demographic – demografisch (Entwicklung der Bevölkerung)
main sources: https://www.thebalancemoney.com/roaring-twenties-4060511
https://en.m.wikipedia.org/wiki/Great_Depression https://en.m.wikipedia.org/wiki/Harry_S._Truman