Other Chapters For 11th

  • 11th-class English Chapter 10

    Just when Mr. Durrell was entertaining the idea of exploring animal conservation, he got a...
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  • 11th-class English Chapter 4

    The narrator, Shankar and his friend Jayanto get away from their busy schedules to spend a...
  • 11th-class English Chapter 3

    A young and carefree Salvatore, who spent his days swimming in the sea, climbing rocks, and...
  • 11th-class English Chapter 2

    The Gift of India is a poem written in 1915 by the Indian poet, freedom fighter and politician...
  • 11th-class English Chapter 1

    The Dolphins’ by Carol Ann Duffy is a dramatic monologue written from the perspective of...

11th Class Chapter No 8 - The Great Depression in History for ISC

  • One of the challenges faced by American economy was the Great Depression of 1929.
  • American President, Woodrow Wilson lost his charisma and glory after the Paris Peace Conference.
  • He failed to convince the American Senate to allow US to be a part of the League of Nations.
  • He was succeeded by Warren G. Harding, a Republican.
  • Republicans demanded for isolation and a policy of laissez faire.
  • Herbert Hoover, a Republican became the American President in 1929.
  • American economy boomed. USA became the financier, the banker of the World.
  • Women’s emancipation movement changed American life.
  • American market shrunk due to self-sufficiency of Britain, France and other countries.
  • US weapon industry became dull after the WW I.
  • Marxist writers blamed overproduction in industry as the cause of the ‘big crash’.
  • The Great Crash caused the rise of crimes in USA.
  • Millions of people became unemployed.
  • Banks and Wall Street collapsed by the end of 1932.


Impact of Great Depression

  • The Great Depression of 1929 badly affected the US economy.
  • It also affected Germany, France, Japan and Britain.
  • In Germany, a republican government named Weimar Republic emerged after their defeat in WW I.
  • The Weimar Republic was unpopular due to its acceptation of Treaty of Versailles.
  • America provided loan to Germany under Dawes Plan to counter economic problems.
  • Dawes Plan was supported by Young Plan of 1929.
  • Adolf Hitler cashed on the unpopularity of Weimar Republic to gain power.
  • Nazi Party won the election of 1933.
  • During 1930 unemployment rem...
  • In the autumn of 1931 the slump and unemployment finally spread to France.
  • French government now sought by financial orthodoxy to meet the crisis, simultaneously cutting pensions, salaries and public expenditure.


Posted in 11th on July 23 2020 at 05:56 PM


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