The Great Depression
1.2K views | +0 today
The Great Depression
Information on the Great Depression as it was pre-World War 2
Curated by Kevin Dang
Your new post is loading...
Your new post is loading...
Scooped by Kevin Dang!

Top 5 Causes of the Great Depression

This is a link that states the top 5 widely agreed upon factors leading to the Great Depression. Quickly summed up, those are:


1.The Wall Street Crash in 1929, dubbed Black Tuesday, is believed to be the largest contributor to the Great Depression, signalling the beginning of it. By December, over $40 million in stocks had been lost.


2.By the 1930s over 9,000 banks had failed. Because they were uninsured, many people just simply lost all their money, and the remaining banks grew careful to give out loans.


3.With economic stability deteriorating people grew less confident with their money and bought less items, thereby forcing businesses to decline and making more people unemployed. With more people unemployed less money was spent and more jobs lost.


4.With failing businesses, America created the Smoot-Hawley Tariff, increasing import taxes to lower international trade and help secure American businesses.


5.Not directly associated with the Great Depression, a drought in Mississippi Valley of such great proportions forced many farms to sell for little profit and increase unemployment numbers.

No comment yet.
Scooped by Kevin Dang!

Stock Market Worth

Stock Market Worth | The Great Depression |

This is a graph depicting the stock market worth from 1927 to 1933. On the left it shows how much stock was worth and the bottom shows the time in half yearly intervals.

As you can see stock was steadily increasing in worth until Black Tuesday. From there, the worth of stock went straight down, with only a small, short recovery, sinking to its lowest in 1932.

From this we can see that the stock worth closely followed the unemployment rates in the Great Depression. As the stock worth went down, that unemployed rose with it, and the worst time of the Great Depression was in 1932, where unemployment was at its highest and the stock worth reflected that.

Kate Pill's comment, March 15, 2012 10:14 PM
I like this Kevin. You have made some interesting links.
Scooped by Kevin Dang!

Family Life in the Great Depression

Family life during the Great Depression was often in turmoil. Though upper class families were able to keep stable and make a solid living, the lower class families suffered a great deal.

Men and women experienced the Great Depression differently. Men, who prided themselves on being the 'breadwinners', the sole supporters of their families, found that when their wages were cut or they were fired they often became demoralised and shameful. Sometimes they even left their families in hopes of a richer future.

Women, on the other hand, experienced a greater status as they struggled to provide for their families.

However, as the years went on and wages were steadily decreasing, women and men alike had more and more trouble supporting themselves, not to mention their children, and it was a common occurrence for children to drop out of school in their teenage years.

This had an effect on birth rates and marriages as well, with less people willing to support others in a marriage and a reduction in families willing to house another child.

No comment yet.
Scooped by Kevin Dang!


"The Great Depression." Online. 2009 <>; 15 March 2012.

Kelly, Martin. "Top 5 Causes of the Great Depression." American History. Online. 2009 <>; 15 March 2012.

Giri, Surya. "Family in the Great Depression." YouTube. Online. 2010 <;amp;amp;amp;amp;gt&amp;gt;; 17 March 2012.


Hyman, Louis. "How Did World War II End the Great Depression?: Echoes." Bloomberg. Online. 2011 <>; 18 March 2012.


Ware, Susan. "Women and the Great Depression." History Now. Online. 2009 <>; 18 March 2012.

No comment yet.
Scooped by Kevin Dang!

The Great Depression In Australia

The Great Depression In Australia | The Great Depression |

The Great Depression in Australia had many effects. Because Australia's banks relied on international loans, when the Great Depression came into effect, people could no longer borrow money and government projects came to a halt.

In 1930 as well, a visit by Sir Otto Niemeyer from the Bank of England convinced the government to cut wages in order to gain competitiveness over exports and ultimately increase profits. This cut meant that people couldn't afford daily necessities and resorted to many shameful acts.

Many extremist groups rose up, using the people's dissatisfaction to recruit many followers and consistently attack the government. It wasn't until the rise of the Prime Minister Joseph Lyons that stability was brought to the government. He managed to hold Australia together for 7 years until his death in 1939.


All of this can be read in the above link, which provides a general overview of the Great Depression in Australia.

No comment yet.
Scooped by Kevin Dang!

Women in the Great Depression

Women in the Great Depression | The Great Depression |

Unemployment rates actually decreased for women in the Depression, as many were forced to find work in other places. They worked in places as a nursemaid, cleaning woman, cleric or in the factory. The picture above shows a typical women's working place, as the work was considered unfit for men.

This still caused public ridicule though, as many men found that they were fired when women were being hired. One man, Norman Cousins, realised that the unemployment numbers were roughly the same as the number of women working and he said: “Simply fire the women, who shouldn’t be working anyway, and hire the men. Presto! No unemployment. No relief rolls. No depression.” But some women had to work, as they were the only supporters of their family, their husband either sacked or left the family altogether. And, as mentioned above, some jobs were considered to be unfit for men.

Of course, not all women found work. Many though, had lived in poverty for quite some time and were often too shy to line up in the breadlines. They would often go out to try and gain as much to feed their family as they could until they couldn't take anymore and simply fainted. A writer from the Depression, Meridel LeSueur, wrote: "A woman will shut herself up in a room until it is taken away from her, and eat a cracker a day and be as quiet as a mouse.” Simply put, many women often tried to go on living without the help of anyone, having being used to surviving on their own or too shy to ask for help.

Kate Pill's comment, March 19, 2012 7:57 AM
Well done. Late this semester you will learn (or revise) how to do in-text referencing.
Scooped by Kevin Dang!

How Did World War II End the Great Depression?

The arrival of World War 2 hailed the end of the Great Depression. But how would a war end an economical crisis? Simple, it provided people with jobs pertaining to the war effort and provided unique demands for a certain number of industries.

As the provided article talks about, one of these was planes. America had few of them and it was felt that they would be much more needed in World War 2 than they were in World War 1. So the government founded a group called the DPC, Defence Plant corporation, and they managed to increase the capital spending from 5% to 67%.

For example, in 1940, Dow Chemicals managed to only produce 6 million pounds of magnesium a year, from only one plant in Michigan, but thanks to DPC loans they managed to produce 600 million pounds of magnesium a year, which is required for airplane hulls.

"The Depression ended not simply because the military needed more material, but because the government used wartime demand to transform what America made."

Kate Pill's comment, March 19, 2012 8:22 AM
I like the use of a rhetorical question. Now, make a linkii to Australia! Instead of writing, "As the provided article talks about ..." why don't you write -
Author's name (insert year of publication), suggests that on of these was planes.
This way I can more effectively check this against your bibliography. Plus, it not only reads better, but is the correct way of introducing the point.