Monday, December 30, 2019

The Hardships Of The Great Depression - 1345 Words

Great Depression ‘The hardships of the Great Depression in Australia were not shared equally.’ (Anderson et. al.,2012) The 1920s was considered a time of new technologies and the beginning of women’s rights, however as the decade came to an end it was followed by an immense economic crash. On Tuesday, 29th of October 1929, the Wall Street Stock market (New York, USA) collapsed. The prices of shares dropped dramatically causing panic selling. There were large sums of sellers, but not enough buyers leading to the lowering of prices. This marked the start of the Great Depression (ended 1939) effecting the whole western industrialised world, including Australia. In Australia companies closed overnight, unemployment rates increased, goods and services prices dropped (wool and wheat), it was a year of â€Å"shantytowns (and) endless dole queues†¦Ã¢â‚¬  (Anderson et.al, 2007). The Australian Government did little to help due to the foreign debts accumulated from the infrastructure projects in the 1920s. However, evidence showed that experiences of the Great Depression were not the same for eve ryone. Men suffered from the lost of jobs however, they were prioritised over women having higher chances of obtaining a job. People who lived in rural areas were more disadvantaged than urban workers. Furthermore, even when â€Å"Millions of men were thrown out of work† (Smart, 1975), those employed by the government were able to keep their job, and even improve their lives, whereas factory and otherShow MoreRelatedSea Glass: Hardships during the Great Depression1347 Words   |  6 Pagesentered the Great Depression, the time period where the economy was at its lowest. Although signs were present, this era came as a shockwave to most citizens because the 1920s were times of extreme economic prosper. People’s lives were completely torn from their roots. 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