went into great economic depression. This lead to people losing all of their money, unemployment and many more

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

unemployment was between 1932 and 1933. During

The later introduced cash order system entitled a man with

were living in 'shanties' or 'humpies' made of scrap materials such as corrugated iron and hessian bags. All of a sudden 'shanty' or 'humpy' towns sprung up everywhere. These people received handouts, or 'Chips', form the local

World War II they had to start producing war materials

self-confidence and self-image and some of these

a family basis in the form of rations. To obtain these rations the applicant was interviewed and expected to prove that they were in absolute need of rations.

Some topics in this essay:
Salvation Army, Wall Street, War II, , wheat wool, worst unemployment 1932, food shelter, wheat wool dropped, buying shares companies, prices wheat wool, loss jobs, textiles industry, prices wheat, unemployment 1932, shares companies, unemployed money, worst unemployment, fell debt,