The Interwar Economy is dominated by the Great Depression and how different countries responded. This was the largest economic crisis in World History. Different nations responded to this crisis in their own ways. The Soviets turned to their 5 Year Plans of rapid modernization and upgrading of production for the agricultural and industrial sectors. The United States practiced Keynesian Economics as the government pumped money into the economy by putting America back to work with FDR’s New Deal. Meanwhile, the Fascist states of Europe took control of their economies using protectionist policies to manipulate the economy to their own purposes.

1. STOCK MARKET CRASH
2. GREAT DEPRESSION
3. NEW DEAL
4. KEYNESIAN ECONOMICS
5. 5 YEAR PLAN

1. 7.4 ECONOMY IN THE INTERWAR PERIOD, Heimler’s History

2. NEW DEAL, from CRASH COURSE US HISTORY

3. COLLECTIVIZATION & THE HOLODOMOR

4. KEYNESIAN ECONOMICS, from Jacob Clifford

5. STALIN’s FIVE YEAR PLANS

1. DIZZY WITH SUCCESS, Joseph Stalin, 1930
2. THE DOCTRINE OF FASCISM, Benito Mussolini, 1932
3. THE GENERAL THEORY OF EMPLOYMENT, INTEREST AND MONEY, John Maynard Keynes, 1936
4. A PROGRAM FOR MONETARY REFORM, Irving Fischer, 1933
5. FIRESIDE CHAT, Franklin Roosevelt, 12 March, 1933

1. WOMEN ON COLLECTIVE FARMS ARE A GREAT FORCE -J. STALIN, 1935

2. BELIEVE, OBEY, FIGHT, Benito Mussolini, 1935

3. WORK PAYS AMERICA, Vera Bock, 1936

4. MIGRANT MOTHER, Florence Owens Thompson, 1936

5. US UNEMPLOYMENT RATE FROM 1910-1960

1. The Great Depression (1929-1939) was a massive deal affecting every nation on the planet.
2. Different nations responded to it differently. The College Board gives you three options here:
3. SOVIET UNION: Stalin did 5 Year Plans (Forced industrialization & Collectivized farms meant to advance and modernize the USSR)
4. USA: FDR put people back to work with Keynesian policies to stimulate the economy.
5. FASCIST ITALY: Fascist favored certain Corporations in certain sectors that promoted their ideals and made policies to drive the economy through these corporations that were favorable to the party.