Kings Unit 6

Thursday 31st October, 1929

Economy

Millions of  losses in the bank crash

More than four thousand millions of dolars were discounted and more than two hundred sixty thousand actions of different companies were lost. At the end of last Thursday 24th, the fall was only 12 points, hardly nothing, but it had left in the most complete ruin to many American families.

People in New York after the bank crash

All started the previous year when there was a stagnation of consumption, so that the income of the companies did not offer the desired benefits to the producer.

In March of this year the strong increases continued, however, they began to circulate rumors that the Federal Reserve prepared measures that could mitigate possible economic recessions. 

The 25th of march of this year, the index fell 9,5 points. The scare was quickly forgotten and soon the Stock Exchange began to rise again with force. It was just a fall before continuing to climb, thought most. On the other hand, some investors took advantage of the two days of falling to buy "cheaper".

Colapse in Wall Street.

Then a few months later on Wednesday 23 of October, the stock market suffered a major blow by lowering in a single session 31 points (almost a 7%). That day was only an omen of what would happen the next day: the fateful and remembered Black Thursday of Wall Street.

On Thursday, October 24, according to historians, it was the first day of panic. That day 12 894 650 actions were transferred, many of them at prices that destroyed the dreams and hopes of those who had possessed them.

On Tuesday, October 29, confirm these suspicions less and less unfounded. The total collapse was an imminent reality. Millions of investors saw themselves from one day to the next in economic ruin: the New York Stock Exchange, the most important stock market in the world, had fallen.

The worst part of this unfortunate fact are the numerous suicides of presidents of various companies when they discovered that their actions had gone down dramatically.

OBITUARIES

                       

THE EXECUTIONERS - UNIT 6

5th  May  1945

MUSSOLINI IS DEATH 

After years of suffering the partisans finish with the life of Mussolini.

Benito Mussolini

On 28th April a dream for the population comes true, the head of The Fascist Party of Italy, Italian Prime Minister and President of the Italian Social Republic was murdered.

In a vain attempt to flee Italy, Mussolini was captured by the Italian Resistance along with his mistress Clara Petacci and other fascist leadres. Although Mussolini initially believed that Audisio, leader of the group of communist partisants, was coming to liberate them, he took them to the village of Giulino di Mezzegra where, next to Via XXIV Maggio, and before the gates of Villa Belmonte, they were shot at 16:10.

The secret and expeditious method of execution was decided with the alleged intention of the Allies to capture Mussolini alive and prosecute him before and international tribunal. There was the possibility that he would be given a shorter sentence or absolved, while many partisans demanded instead that the dead penalty be applied to the Duce as finally decreed.

Bodies of the fascist party

The corpses were moved in the afternoon of the same day but until 29th they weren't hung. This was done to publicly confirm his death, and as a gesture of humiliation and partisan revenge, since in that same place the bodies of 15 antifascist partisans had been hung months before. The body of Mussolini was disfigured with blows to such an extent that it was almost unrecognizable.

What will happen now to Italy?

           

GROUP 2- HITLER´S VICTORY

HITLER'S VICTORY

Adolf Hitler has won the elections. 

As you all know, Hitler ran against Hindenburg in the 1932 presidential elections. Although he lost the elections to Hindenburg, his party became a really influencial political party, as well as Hitler, who became a powerful politician. After his appointment as Chancellor last year after two elections On 30 January 1933, the new cabinet was sworn in during a brief ceremony in Hindenburg's office. The NSDAP gained three posts: Hitler was named chancellor,Wilhelm Frick Minister of the Interior, and Hermann Göring Minister of the Interior for Prussia. Hitler had insisted on the ministerial positions as a way to gain control over the police in much of Germany. 

Some people say that the turning point which led to Hitler’s victory was the fire that destroyed the Reichstag last February, started by the communists and the Reichstag Fire Decree that came soon after. After that, 4000 communists were arrested and incarcelated without a trial. During the campaign, Hitler promoted anti-communist and paramilitary propaganda. Yesterday, March 6th, the election day, NSDPA’s share increased a 43.9% over the last election. Now, the NSDPA is the most powerful party in the country and has the highest number of seats in the parliament. Now, Hitler’s mission is to negotiate and form a Government. Long may he rule!