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What caused the great depression?
Title: What caused the great depression?
Category: Business & Economy / Economics
Details: Words: 697 | Pages: 3.0 (approximately 235 words/page)
What caused the great depression?
The Great Depression was a worldwide economic collapse, between 1929 to the beginning of World War II (1939). The worst years of the depression were from 1930-1933. The Depression began, on October 24, 1929, when stock prices on the New York Stock Exchange dropped drastically. The financial crisis, which was due to the collapse of Wall Street, led to the Great Depression. The tumble was caused by forced liquidation of large brokerage accounts and also because of The Federal Reserve …showed first 75 words of 697 total…
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…showed last 75 words of 697 total…sheds. To survive, most of the homeless received the services of charities such as soup kitchens. During the Depression Australia certainly had more than 50% unemployed people, making it one of the worst countries hit by the Depression.
The Australian soldiers who had just returned from the War were hit hardest of all Australians. Hundreds of them would sleep covered in newspapers and old army greatcoats, sleeping at Sydney's Domain or at the Salvation Army refuges.
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