Causes And Consequences Of The Great Depression - 2847 Words

Essay Description: In this essay I will be discussing the statement of do our perspectives of events and people change over time in relation to the Great Depression in Australia. This essay covers the causes, consequences and what the media, historians and people thought. My personal opinion is also included. The Great depression of was a period of economic crisis and business lows throughout the world . It roughly began with the stock market crash of 1929 and spiraled out of control from then onward throughout 1930. Poverty, unemployment, bank failures, social impacts and political consequences were a few of the many downfalls to the depression. But the Great depression was not all doom and gloom as we are discovering. It was also a period of joy and pleasure where people felt as though they had a purpose. As we get further away from that time our perspectives are starting to change as we uncover more information. It’s not what it first seems. There are many various causes of the Great Depression but historians believe the greatest contributor was the stock market crash of 1929 . On Black Tuesday October 29 stockholders lost more than 40 billion dollars , everyone panicked and sold their shares all at once leading to a massive collapse. This affected everyone all around the world. With the stock market crashing, people feared further economic woes so they stopped purchasing goods. As you could predict the reduction in items produced led to a reduction in the workforceShow MoreRelatedObesity Is A Serious Epidemic Disease865 Words   |  4 PagesObesity also known as overweight is a serious epidemic disease that can cause harm to the systems of the body including the heart. Parent. Obesity is the biggest threat to humanity in the United State of America and something has to be done weatherwise our future generation is at stake. Main point: Health. 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