Part 6-Chapters 20 and 21
To me one of the most important  and interesting part of these chapters was World War I and the Great Depression of 1929. To the United States, this was a very devastating time, and in some cases we can still feel the effects of. The Great Depression had highlighted the faults of Capitalism. People lost their jobs and their life savings, banks closed and investments were depleted. The middle and lower classes were hit hard with the loss of their jobs and unemployment hit 30 percent or more. The Great Depression came right after the booming and flourishing 1920's. The Great Depression was not just felt in America however. Because of Europe's economic influences and globalization of WWI, the Great Depression was in some ways felt world wide. The books states that countries that only had a minimal number of exports were hit especially hard such as  Southeast Asia and their export of rubber. Sales of Automobiles were cut in half in America and so Southeast Asia felt the effects of that. I have never before heard of the effects of the Great Depression as something that was felt world wide, maybe because it was something that hit us the hardest, however it is important to understand that what effects one country is most likely effecting other countries as well. Another example would be military take over in latin america.