HIST 1112 Lecture 14: World War II
Document Summary
People buying on credit and living outside of means: It was customary to buy off of credit. Previous generations saved their money and only bought what they could affo. People did not think that the economy would burst/go bad. Banks fall (people can not pay back their loans): This means that we could not loan any money to other nations. Currently, we are on a horrible economic situation. Still over speculation in stock market and real estate. Mussolini was a veteran of wwi and was a proud countryman. Mussolini and 34 other fascists are democratically elected to government (people ac. Most of germany was utterly destroyed at the end of wwi. German people were utterly depressed at the end of the first world war. President paul von hindenburg names adolf hitler chancellor. Served as an appeasement to the rising nazi party.
