The Great Depression

Question 1

What was the Great Depression?

Answer 1

The Great Depression was a worldwide economic crisis that originated in the United States but affected almost every country in the world.

Question 1

Timeline

Answer 1

October 1929 - Collapse of Wall Street in US
1932 - Unemployment reaches 32%
1939 - End of Great Depression
3rd of September 1939- Australia joins WWII

Question 2

What were the causes?

Answer 2

One of the main causes of the Great Depressed was the stock market crash in 1929. Around $14 billion of stock value was lost, wiping out thousands of investors, businesses and farms. It also caused a widespread of unemployment, poverty and homelessness.

Question 3

What were the consequences?

Answer 3

Factories shut down, farms and homes were lost, mills and mines were abandoned, and people went hungry.

Question 4

How did it affect Australia?

Answer 4

Australia relied on agricultural exports and foreign loans. The Great Depression caused high unemployment, poverty, deflation, low incomes, and social unrest in Australia.

Question 5

When did it start and end?

Answer 5

that began in 1929 and lasted until about 1939. It lasted around 10 years.