The Great Depression

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Sonny A


Date added:

May 27, 2015








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2 / 490


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It lasted through most of the 1930s although it ended at distinctive times in different countries. The Great Depression centred in North America and Europe but had damaging effects around the world. The most industrialized countries were affected the worst, countries such as Australia, Germany and the United States...
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Australia depended primarily on products such as wool and wheat to be exported. A stop in spending meant a downfall in the demand for goods, hindering profit for companies whilst the demands for goods dropped further employees lost their jobs. Unemployment reached a record high of 29% in 1932. It is thought to have been one of the hardest-hit countries in the Western world along with Germany and the United States...
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