The Great Depression depalma
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The Great Depression depalma
This is my school research task on The Great Depression
Curated by Marc De Palma
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Bibliography

The sources below are the sites and books i have used to find information.

 

australia.gov.au/about-australia/australian-story/great-depression

history1900s.about.com/od/1930s/p/greatdepression.htm

 

Also the History text book

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The Unemployment 1929

The Unemployment 1929 | The Great Depression depalma | Scoop.it

Unemployment was a big tragedy caused by the Great Depression. Although the depression struck in 1929, its worst effect hit in 1932: In that year unemployment was approximately 25 per cent in the United States, 32 per cent in Australia and 40 per cent in Germany.intially, where was little social welfare available to the unemployed, who had to rely on their savings if they had any, people had to sell their most favourite possessions to buy what they needed to survive. Since the high unemployment rate, the charities struggled to cope. Governments were force to act and help the unemployed. Assistance came in the form of coupons or work relief, whereby men spent a many numbers of days a week working on projects like road works and community work. Work relief restored some pride and provided some income, but it was neither full-time work nor a career

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Facts about The Great Depression

Facts about The Great Depression | The Great Depression depalma | Scoop.it

1. Herbert Hoover (1874-1964), a Republican, was president when the Great Depression began. He infamously declared in March 1930 that the U.S. had “passed the worst” and argued that the economy would sort itself out. The worst, however, had just begun and would last until the outbreak of WWII (1939).

 

 

2. People who lost their homes often lived in what were called “Hoovervilles,” or shanty towns, that were named after President Herbert Hoover. There was also “Hoover Stew” (food dished out in soup kitchens), “Hoover Blankets” (newspapers that served as blankets), “Hoover Hogs” (jack rabbits used as food), and “Hoover Wagons” (broken cars that were pulled by mules).

 

 

3. The Wall Street Crash of 1929 was one of the main causes of the Great Depression. “Black Thursday,” “Black Monday,” and “Black Tuesday” are all correct terms to describe the Crash because the initial crash occurred over several days, with Tuesday being the most devastating

 

 

4. On “Black Tuesday,” October 29, 1929, the market lost $14 billion, making the loss for that week an astounding $30 billion. This was ten times more than the annual federal budget and far more than the U.S. had spent in WWI. Thirty billion dollars would be equivalent to $377,587,032,770.41 today.

 

 

5. After the initial crash, there was a wave of suicides in the New York’s financial district. It is said that the clerks of one hotel even started asking new guests if they needed a room for sleeping or jumping.

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The Great Depression

The Great Depression | The Great Depression depalma | Scoop.it

The Year 1927 was when The Great Depression started in United States, Australia and Germany.During this year and the next decade going on people struggled to find jobs tosupport their families. Without jobs families struggled to fund food, clothing
and shelter.

The Great Depression all started when over borrowing by the governments worldwide and by individuals,was long term. But the biggest problem was when the New York Stock Exchange collapsed.
The worst point of The Great Depression was 1933, one in four Americans who
wanted work but couldn't find it , Australia and Germany also suffered.

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Kate Pill's comment, March 19, 2012 8:14 AM
Well done! I would like you to have a look at a couple of sentences. "The Great Depression ..." sentence; reword it so that it is clearer. Read it out loud so that you can "hear" whether the structure makes sense! Also, I would like you to add another sentence after your last one about Americans that makes a link to the Australian experience. This will improve your final result.
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The Wall Street Crash

The Wall Street Crash | The Great Depression depalma | Scoop.it

In the 1920s the value of shares on the New York Stock Exchange had risen steadily, still going throught 1928 and 1929.Many people believed that the share market was an easier way to make money. A share bought for 50 cents one year and could be sold for a good profit another year. Many people borrowed money from banks so that they could invest in the share market, while prices continued to raise people continued to make profits.

Black Thursday 24 October 1929 is remembered as the day the economic bubble burst, sending the world into a long depression. Earlier in the month, investors and speculators had begun to sell of their stock. They started to doubt the strength of the American economy. The value of shares on the New York Stock Exchange had been destroyed as had the lives of thousands of investors, many whom had borrowed to buy into the share market. The impact of the stock exchange collapse on the economy immediately.

 

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