Great Economic Crisis in Europe (1929-1933)

Prvi svjetski rat ostavio je europski kontinent u rasulu, prekinuta je međunarodna trgovina. Nezadovoljne mase ljudi nisu više vjerovale u kapitalistički ustroj. To je dovelo do mnoštvo štrajkova. Tijekom 20ih godina 20. stoljeća došlo je do uspona ekonomije i proizvodnje. U SAD-u je proizvodnja je toliko narasla da se dogodila hiperprodukcija, tj. zasićenost tržišta proizvodima, što je automatski dovelo do pada cijena na burzi. Pad se dogodio praktički preko noći, ljudi su ostali na ulici, a poduzeća su propala. Država nije bila spremna na krizu takvih razmjera, radnike se otpuštalo na tisuće. Situacija je bila toliko kritična, da se ljudi nisu mogli niti prehraniti. Kriza u Njemačkoj je dovela do jačanja Hitlerove nacionalsocijalističke stranke. Loša ekonomska situacija budila je frustracije u ljudima te tako nezadovoljni, Hitlerove ideje su im se počele činiti kao jedini izlaz. S druge strane Atlantika, u SAD-u, Franklin Roosevelt, iznio je svoj program oporavka pod nazivom „New Deal“. Njegov plan je bio državnom intervencijom ponovno oživjeti gospodarstvo, organizirao je javne radove i usvojio nove zakone vezane za cijene proizvoda na tržištu. Situacija je došla pod kontrolu tijekom Drugog svjetskog rata, razlog tomu je bila opća mobilizacija ljudi u vojnu industriju i logističku potporu. To je dovelo do punjenja državnog proračuna, a nakon Drugog svjetskog rata ekonomije su već stale na noge, cijene su se snizile te se moglo vratiti normalnoj trgovini.World War I left the European continent in chaos. The international trade was aborted. Dissatisfied mass of people distrusted the capitalist structure. This lead to a massive amount of strikes. During the 1920s there was a rise in economy and production. In the USA the level of production was so high that it soon lead to hyper productions which automatically lead to the downfall of the stock market. The crash happened quickly, almost over the night, people were left on the streets and the companies went bankrupt. The government wasn’t prepared for a crisis of these proportions. Thousands of workers got fired. The situation was so critical that people couldn’t even feed themselves. The crisis in Germany lead to the uprising of Hitler’s national socialist party. Bad economic situation brought out the frustration in people and so Hitler’s ideas were perceived as the only way out. Across the Atlantic, in the USA, Franklin Roosevelt carried out his recovery programme by the name “New Deal”. His plan was that the government should intervene and stimulate the economy, he organized public works and adopted laws related to the prices on the market. The situation came under control during World War II, the reason being the general mobilization into the war industry and logistic. This lead to the enrichment of the state budget. After WWII economies have stabilized, the prices went down and the return to a healthy economy was finally made possible