Well, I am pretty sure that we can all sit here and agree that this chapter is filled with many saddening events. It contains many of the events, of them starts off with World War I. One of the major things that struck me in this chapter was the Great Depression. Every time I think of the Great Depression it reminds me of the world going down the drain. It reminds me of the many people who suffered loss and terror when they had NOTHING left for them. The Great Depression took place in 1929 when the stock market crashed. Millions of people lost their life savings and the world trade dropped sixty two percent within even a few years. Many businesses were contracted, not to mention the unemployment rate sky rocketed. It was only 30 percent employment rate in both Germany and the United States. If we take a moment out to actually think about this, not only the United States, but the whole WORLD was in a depression. Our country affects the whole world, and the impact was huge on these people. It is very sad to think how much suffering they had to undergo during this time. Can we ask ourselves, why and how did such a huge depression hit the United States? Well, our economy was booming during the 1920’s which meant we were in good shape, but by the end of the decade, factories and farms were producing way more goods that could be sold. Europe by that time was impoverished by WWI and didn’t purchase American products, while producing more goods of their own. The speculative stock market had driven stock prices up artificially high and along with the crash, the economic network shattered into pieces. It is sad to see how many people suffered on the streets, with no house to live in, no food to eat, no money to support their families. It was a time of great hardship that can never be taken back but was a way to learn and become stronger as a country/unit. This topic always interested me the most because it reminds me of what we situation our country is slightly in at the moment. A major recession, but just like in 1929, I think we have the ability to work out of this issue and become that much more independent in leading a strong and stable economic country.
There were also events such as Nazi Germany, Japan Authoritarianism, the Second World War, the Road to War in Europe and the Recovery of Europe which held many more sufferings. They all had key roles in the collapse and recovery in Europe.