By Marshall Cavendish Corporation
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Additional info for Countdown to Catastrophe
Dollar was equal to 162 German marks. 2 million German marks to buy one dollar. It took a suitcase full of notes to buy a pint of milk. Businesses collapsed. Thousands of workers lost their jobs. Many others went on strike. Inflation wiped out the life savings of middle-class people. KEY KEY BENITO MUSSOLINI Benito Mussolini (1883–1945) was dictator of Italy from 1922 to 1945. Like Germany’s Adolf Hitler, he was known for his dramatic speeches. At a young age he was expelled from school for stabbing a fellow student.
They thought the government was becoming too involved with economic activity. To them, the New Deal programs were similar to socialism, or worse, Communism. KEY KEY EVEN EV EVENTS ENTS EN TS 48 THE FIRST HUNDRED DAYS The period from March 9 to June 16, 1933, produced many new programs. These are the new laws that Roosevelt asked Congress to pass to make the New Deal a reality during the early days of his administration: March 9 Emergency Banking Relief Act March 20 Economy Act March 22 Beer-Wine Revenue Act March 31 Civilian Conservation Corps, Reforestation Relief Act May 12 Federal Emergency Relief Act May 12 Agricultural Adjustment Administration May 18 Tennessee Valley Authority May 25 Federal Securities Act June 5 Gold Repeal Joint Resolution June 6 National Employment System Act June 13 Home Owners Reﬁnancing Act June 16 Banking Act June 16 Farm Credit Act June 16 Emergency Railroad Transportation Act June 16 National Industrial Recovery Act EUROPE IN THE COUNTDOWN TO1920S CATASTROPHE POLITICAL WORLD LABOR CONFLICTS During the Depression, labor unions became more powerful.
By the time Hitler was released from prison, the German economy was improving. The mood of the country was not right for an open attack on the Weimar Republic. Instead the Nazis continued to build up their fame. Joseph Goebbels, Hitler’s top assistant, perfected the use of propaganda. He organized a series of party rallies, held in Nuremberg. These rallies were highly elaborate. They featured massive crowds, flags and emblems, military-style uniforms, precise marching, and “Heil Hitler” salutes.
Countdown to Catastrophe by Marshall Cavendish Corporation