the depression

the depression

1. the wall street crash in 1929

   • they called in loans from other countrys
     • this put other countrys in depression
       • which put the rest of the world in depression
   • trading stoped
     • more countrys in depression

2. unemployment

   • unemployment rose to 2.5 million
   • heavy industry were worst hit like, coal, steel, sheep, building, mining

3. cause of depression

   • unemployment meaning less spending
   • less trade which ment less tansport which meant less jobs
   • government had to spend more on benefits
   • cut down on spending