Italy’s Great Depression
Kenia Hernandez
Genesis Casteneda
Jennifer Romero
Amanda Augilar
Alejandro Sherman
o The Great Depression was a world wide
economic depression that proceeded to WW II
Why the Great Depression Started?
o 1929’s stock market
crash
o Bank Failure
o Reduction in
purchasing and trade
o Decrease in world
trade (1929-1932)
Great Depression in Italy
o Decline in international trade.
o Work hours declined
o Investment decline
o Wage stability
Who Was Mussolini?
o Benito Mussolini first known as Italian
socialist that soon gained power by
parliament,
o Leader of fascist movement in Italy.
Mussolini's Journey to Power
Mussolini became a politician in 1919
He joined Fascist party and he joined
marches
-March on Rome 1921
In November 23 1922 the king and
parliament granted him power
Mussolini’s Journey to Power
Mussolini began gaining power over the government
Mussolini’s oratory and popularity gained him more
power those who did not join him were killed.
Benito Mussolini's Journey to
Power
Mussolini made an important move that
gave him more political power
He signed the Lateran Accord of February
1929
Through this the Roman Catholic Church
and the Italian state made peace with
each other.
Mussolini’s Journey to Power
Mussolini began gaining power over the government
Mussolini’s oratory and popularity gained him more
power those who did not join him were killed.
Mussolini's Attempts
o Battle of Wheat
o Subsidizing ships
o Undertook public work
o Introduced protective tariffs
Social Effects
o Prostitution was on a rise
o Health Care not a priority
o Unsteady rate in market
o The working class increased because
children began working
Political Effects
Corporatism was made to benefit the interest of
the managers or companies
Labor unions were destroyed
Chamber of Corporations
Taxation
Keynesian Economics
Political Effects
In 1938 replaced the Chamber of Deputies
with a Chamber of Corporations
Corporatism
Economic Effects
Battle of Wheat
Stock Crash
Subsidizing
Wages fell
Production fell
Exports fell
Institute for Industrial
Reconstruction its
purpose was to give
loans to businesses that
were in financial
problem.
Fun Facts:D
People who lost their homes often lived in what were called
“Hoovervilles,” or shanty towns, that were named after President
Herbert Hoover.
The Wall Street Crash of 1929 was one of the main causes of the
Great Depression. “Black Thursday,” “Black Monday,” and “Black
Tuesday” are all correct terms to describe the Crash because the
initial crash occurred over several days, with Tuesday being the
most devastating.
On “Black Tuesday,” October 29, 1929, the market lost $14 billion,
making the loss for that week an astounding $30 billion. This was
ten times more than the annual federal budget and far more than the
U.S. had spent in WWI.e Thirty billion dollars would be equivalent to
$377,587,032,770.41 today.i
Fun Facts'
Suicides
Man killed his sheep b/c of GD
50% children were suffering from hunger,
shelter, and medical care
Monopoly could be rich in mind
3 million children left school to work!!