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 DealIII. 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 constantChapter 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 1931These 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 waro U.S. emerged from the war as the largest creditor in the world- Sets the tone for distance from Europe – Isolation sentimentNazi 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 againo 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-Catholico 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 solutiono Provided people what they wanted to hearMunich 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