HIST 151 003 1st Edition Lecture 24 Outline of Last Lecture I Chapter 24 The New Deal Experiment 1932 1939 Outline of Current Lecture II Chapter 24 The New Deal Experiment 1932 1939 cont Sum Up The New Deal III Chapter 25 The United States and the Second World War 1939 1945 Nye Committee findings Nazi Party and Hitler Munich in 1938 Appeasement Peace in our time Current Lecture Chapter 24 The New Deal Experiment 1932 1939 cont Sum Up the New Deal During the Great Depression unemployment reached 25 after the New Deal unemployment slowly decreased down to around 14 by 1939 American involvement in WWII ultimately ends the Depression No significant distribution of wealth Does not alter finances in any way only regulation and reform Oversight on the stock market agricultural processing social security work regulation and minimum wage Government involvement with public became constant Chapter 25 The United States and the Second World War 1939 1945 Nye Committee Senator Nye approved by both side of the isle Republicans and Democrats Reasonable experienced educated politician Wanted to answer the question Why did the U S get involved in WWI o Rounded up a committee to answer the question Nye commission meets for years and overviews accounts and witnesses o 60 volumes of written findings were produced o First volume published in 1931 These notes represent a detailed interpretation of the professor s lecture GradeBuddy is best used as a supplement to your own notes not as a substitute The answer the capitalists and captains of industry went from millionaire industries to billionaire industries virtually overnight Big businesses sold to the Allies during WWI who needed supplies The money and the investments drove the U S into the war o U S emerged from the war as the largest creditor in the world Sets the tone for distance from Europe Isolation sentiment Nazi Party and Hitler Hitler elected almost at the same time as FDR Angry at the disrespect other countries had towards Germany loss of land and the War Guilt Clause Became the collective voice of Germany Spent time in jail wrote a novel Mein Kampf My struggle o Within Mein Kampf was a list of things Hitler believed would bring Germany out of a Depression and skyrocket them to becoming a world power once again o Blamed the Treaty of Versailles the Allies and the Jews for Germany s economic issues Quickly dragged Germany out impoverished post war state Anti Slav anti Jew anti gay anti gypsy anti intellectual anti Catholic o As his anti list grew his power grew Nazi party begins as a political party overpowers all other political parties Many joined the political movement desperate for a solution o Provided people what they wanted to hear Munich in 1938 Appeasement Peace in our time Hitler declared himself the Chancellor of Germany Invited British Prime Minister and French Prime Minister to Munich Germany to discuss the future Crazy but not stupid Hitler wanted to get on the good side of two of the largest world powers Asked for Czechoslovakia Britain appeased Hitler British Prime Minister returns to England claiming that he created Peace in our time o Hitler invaded Poland shortly after gaining Czechoslovakia