The Great Depression schina
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The Great Depression schina
this is my school research task on The Great Depression
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Growing Up In The Great Depression (clip)

The shared memories of five adults who survived the Depression weave a tapestry that illustrates an aspect of American culture in the 1930s: children maturin...
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The Wall Street Crash

People believe that the share market was an easy way to make money. Many people when to the banks and started to borrow money so they could invest in a share. Black Thursday 24 of October 1929 was the day that the economic burst, sending the world into a long depression. Many investors

Begun to sell off stock because many investors started to doubt the strength of the American economy. On 24 October 13 million shares were sold which made prices plummeted. Then everyone was selling of their shares for what every price they could get. Then the value of shares on the New York Exchange had been destroyed.

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The Great Depression introduction

The Great Depression started in Australia, United States and
Germany in 1927. With people struggling to find work and couldn’t afford food
and shelter. This made business struggle to afford stock

These are some dot points on why The Great Depression
happen,

- to much money was spend on agricultural and rural goods

-decline of industries like the building industry

-over borrowing by governments worldwide

The immediate spark for the beginning of The Great
Depression was the collapse of the New York Stock Exchange on 24 October 1929. When the New York Exchange shutdown people’s lives in USA and australia  turn into to poverty, were desperately in need of more food, clothing and shelter.

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Social impact

The Great Depression's impact on Australian society was devastating because without work many people lost their homes and had to live in makeshift dwellings. Many families were in need of food and water but they had not much money to buy them. Most fathers would go out to the track become workers. The sons would stay at home Playing cards and study on horses so that they can bet on them to make money. Sometimes the mother would have to work and support the family.

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The unemployed

Although The Great Depression started in 1929 its worst effect was in 1932 when the year unemployment was approximately 25 percent in the United States, 32 precent in Australia and over 40 percent in Germany. This was causing little social welfare to the unemployed families and most people had to use their life savings it they had any. If they didn’t have any savings they would have to sell of their possessions to get money. Some men started to spend a number of days a week working on fixing roads for some income but it wasn’t a full time job. It was individual strength that got people the time of unemployment crisis.

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