The great Depression (jan 1, 1929 – jan 1, 1939)

Description:

Happened after the U.S. stock market crashed.
Made the U.S. economy plummet.

Since the U.S. supplied many states with loans so that they could rebuild their economy, the US losing money meant everyone lost money.

U.S. approaches, (Franklin. D. Roosevelt)
"The new Deal"
Increased world on infrastructure, retirement programs, medical insurance. (Spending was almost as much as WW1)

Soviet Union approaches (Joseph Stalin)
("5-year plan") - He wanted industrialization to crank up the 5 times the speed.

Horrible for farmers since Stalin forced them to give all their food to factory workers. (Ukraine hit hard) and they couldn't even leave which led to death by starvation (Holodomor)

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