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Great Depression
worldwide economic crisis beginning in 1929 that caused mass unemployment
Causes of the Great Depression
falling demand
Stock Market Crash of 1929
panic selling and risky investing that caused stock prices to collapse and triggered the Great Depression
Overproduction
production of more goods than consumers could afford to buy
Economic Effects of the Great Depression
business closures
Political Effects of the Great Depression
loss of faith in democratic governments and rise of authoritarian leadership
Authoritarianism
political system where people must obey authority
Totalitarianism
extreme form of authoritarianism in which the government controls all aspects of life and allows no political opposition
Fascism
type of totalitarianism emphasizing a strong leader
Japan During World War I
period when Japan emerged as a major economic and imperial power in East Asia
Korea as a Japanese Colony
Japan’s annexation of Korea in 1910 as part of imperial expansion
Twenty-One Demands
1915 Japanese demands aimed at increasing political and economic control over China
Paris Peace Conference (1919)
meeting where Japan received former German territories in East Asia
Impact of the Great Depression on Japan
collapse of silk exports and foreign trade that weakened democracy and strengthened the military
Japanese Militarism
increased political power of the military over Japanese government and society during the 1930s
Economic Nationalism
policy of controlling domestic economies and resources instead of relying on global trade
Manchurian Invasion
Japan’s 1931 invasion of Manchuria to gain coal
Mukden Incident
staged bombing of a Japanese railway used to justify the invasion of Manchuria
Puppet State in Manchuria
Japanese-controlled government established after the invasion
Propaganda in Japan
use of schools and media to promote nationalism and loyalty to the military
League of Nations Response
condemnation of Japan’s invasion of Manchuria without taking military action
Naval Limitation Agreements
treaties limiting Japan’s navy that Japan later abandoned
Second Sino-Japanese War
full-scale war between Japan and China beginning in 1937
Tripartite Pact
1940 alliance between Japan
Franklin D. Roosevelt
U.S. president who responded to the Great Depression
New Deal
U.S. government programs that regulated banks
Social Security
government pension system created during the New Deal
Zaibatsu
powerful Japanese business conglomerates that influenced politics and weakened democracy
U.S. Immigration Exclusion Laws
American laws restricting Japanese immigrants that increased anti-Western resentment