1. The Worldwide Depression was caused by a: C.R.A.S.H.

2. C Credit Expands People bought goods they couldn’t afford on credit

3. What does buying something on credit mean? Buying something on credit is when you loan or borrow money from somewhere and agree to pay the money back over time.

4. ???????????? What would happen if people suddenly lost their jobs and couldn’t pay for what they had bought on credit?

5. R Reparations German industry collapsed after WWI

6. What is industry? It is the production and sale of goods Example: Textile Industry: makes and sales cloth Automobile Industry: makes and sales cars

7. ???????????? Why would reparations destroy the German economy?

8. A American industry too dominant Europe was too dependent on the US

9. ???????????? What will happen to Europe if the American economy falls apart?

10. S Stock Market Crash (1929) US stocks CRASHED Businesses and banks closed

11. ???????????? What will happen to Europe now that the US economy is collapsing? Why?

12. H High Protective Tariffs Tariff=Tax on imported goods It was hard for countries to trade with each other

13. Impact of World Wide Depression High unemployment in industrial countries Bank failures and collapse of credit Nazi Party growing importance in Germany Nazi Party blame of Jews for economic collapse