The Great Depression

            The Great Depression was a time when the entire world .
             This lead to people losing all of their money, unemployment and many more .
             set backs for society.
             On October 24th 1929, 13million shares were sold on Wall Street and this marked the beginning of the greatest .
             financial crash in world history. On hearing this people all over the world stopped buying shares in big companies so these companies had to close down so that meant loss of.
             jobs. Between 1929 and 1932 the economic production fell 38% and the international trade fell two thirds. Due to .
             this the prices of wheat and wool dropped dramatically .
             so the farmers fell in debt and most then were unemployed. When the prices on wheat and wool dropped the import prices rose so there wasn't enough money for large .
             companies to import materials to produce products so .
             these companies fell in debt and eventually had to shut .
             down. The closure of these companies led to mass unemployment. It took two years for the shortage of .
             money to be taken into account in Australian society. .
             Unemployment above all was the worst sideffect.
             of the depression and in 1932 and estimated .
             30,000,000 were unemployed worldwide. On .
             the 2nd of July 1931 the Age newspaper reported .
             that 5,000 people were losing their jobs each .
             week. This resulted in the wages falling by a .
             massive 19% between 1929 and 1933. The loss of .
             jobs often resulted in street marches and demonstrations.
             put on by the unemployed. The worst time of .
             unemployment was between 1932 and 1933. During .
             this time the charities, such as the Salvation Army, .
             provided food and shelter for the unemployed. As .
             the unemployed had no money they would be evicted .
             from their homes resulting in battles with police. When.
             the unemployed were evicted they would often join .
             together and go and damage other houses. There .
             was a subconscious belief, reinforced by the mass media, .
             that only the lazy and shiftless were unemployed. .
             The unemployed were portrayed as a dispirited .