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The Great Depression. This slideshow contains 15 slides, each of which has information about The Great Depression. You task is to arrange them in a logical, well ordered sequence. Look out for tasks to complete!. What effect did the Depression have on Australia?.
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The Great Depression This slideshow contains 15 slides, each of which has information about The Great Depression. You task is to arrange them in a logical, well ordered sequence. Look out for tasks to complete!
What effect did the Depression have on Australia? Australia’s industries were built on overseas loans. Australia owed millions of pounds that it had borrowed in the 1920’s boom time. Overseas financiers lost faith in Australia’s economy and not only did they refuse to lend Australia money, but they also demanded outstanding loans to be repaid. Like other countries around the world, Australia could not pay back its loans and so the cycle of poverty began. Task: Find definitions for these words or terms: Financiers, boom time, outstanding loans, poverty
William Roberts, an original Anzac, and his family evicted from their Redfern home into the street during the Depression
What was the Great Depression? A Depression is a severe downturn in economic activity, which is marked by very high levels of unemployment and low levels of consumer spending and investment. Task: Can you find a graph of the Australian economy that shows the impact of the depression?
How did the Great Depression Start? As share prices fell, many people wanted to sell before the share prices dropped to below what they had paid for the shares. The effect of all this selling was panic! The Stock Market crashed and the prices of shares fell so low that many people lost all their savings! Task: Find a photo that shows the panic of the stock market crash.
Poverty Businesses were unable to sell their products and put off workers. Suicide rates increased dramatically and the sight of beggars and street pedlars became commonplace. Task: What are some of the things that pedlarswould try and sell? Can you find a photo?
Why was Australia hit so hard? • Depended on overseas trade and investments • Prosperity of 20’s was based on primary goods’ exports and flow of loans or investments • Primary goods’ prices fell as investments and loans stopped, leading to decline in production • Serious fall in exports and countries wanting their loans back with interest added • 20% unemployment at the start, by 1932 30%, most only had part-time jobs left
Dole Queue outside the Oddfellows Hall, Church St, Charing Cross, 1936
Living in Shanty Towns In most cases, no support was provided for rent and clothing; let alone small luxuries. One of the greatest problems for the unemployed was to keep a roof over their heads and to avoid eviction. Evicted families often had no choice but to live in shanty towns built from discarded materials on waste ground.
Solutions to End the Depression Many solutions were proposed to end the Depression. The NSW Premier, Jack Lang, proposed a policy of inflation. This meant: • Increased government spending • Maintaining wages Eventually, conditions slowly improved and the worst was over by 1935. Challenge: Can you find another solution that was suggested to end the depression?
Man living in a tent, the Domain, Sydney, during the Depression of the 1930s
Timeline of The Great Depression • 1929- Wall Street Crash • 1930- Pharlap wins the Melbourne Cup • 1931- Jack Lang’s Plan divides ALP • 1932- Sydney Harbour Bridge opens, Lang sacked, Aborigines League forms, bodyline cricket series begins • 1933- census records 400,000 people living in shanties, William Cooper organises petition for Aboriginal rights • 1937- Aborigines’ Progressive Association is formed • 1938-Day of Mourning • 1939-Outbreak of WWII Find a link to a website that explains why Premier Jack Lang was dismissed.
How did the Great Depression Start? The Great Depression began on the 24th October 1929 when the stock market on Wall Street crashed. During the boom of the 1920s many people had invested their savings into shares of companies. By buying these shares at a low price, they hoped to sell them quickly at a higher price. Unfortunately, as large numbers of shares were sold, the price of shares started to fall rapidly.
On the Susso Workers who lost their jobs were further humiliated by having to queue for the dole (susso). Most states did not provide cash, but merely coupons to exchange for food. Task: Why was the dole called the susso?
