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The Great Depression

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The Great Depression

  1. 1. The Great Depression By: Caroline (05), Jenny (17), Shuxian (20), Syahiidah (26), Andrea (35)
  2. 2. What Was the Event? <ul><li>The Great Depression </li></ul><ul><li>It was a period of severe worldwide economic depression where there was a great decrease in business activities with widespread unemployment. </li></ul>
  3. 3. Where and When Did It Happen? <ul><li>Started in the United States of America -> spread to the rest of the world. </li></ul><ul><li>A decade of prosperity -> thrown into despair when the Wall Street crashed on October 29, 1929 -> start of the Great Depression. </li></ul>
  4. 4. How did it happen? <ul><li>Stock prices plummeted with no hope of recovery -> people were selling their shares, and nobody was buying. </li></ul><ul><li>Resulted in the collapse of the New York Stock exchange (a.k.a), wall street crash -> led to the great depression. </li></ul><ul><li>Wall Street crash -> beginning. Banks invested clients’ money into the stock market -> Banks had to close down. </li></ul>
  5. 5. How Did It Happen? <ul><li>9,000 banks -> out of business. Many people became bankrupt. </li></ul>Two men looking for jobs during the Great Depression. People standing outside a closed bank. <ul><li>Businesses and industries affected. Consumers are curbing their spending -> nobody buying luxury goods -> bosses cut back wages or fire workers. If businesses cannot solve the problem, they close down. </li></ul>
  6. 6. How did it happen? <ul><li>This had left millions of people jobless, homeless, and penniless. Many people came to depend on the government or charity to provide them with food. </li></ul>Unemployed men vying for jobs at the American Legion Employment Bureau in Los Angeles during the Great Depression. A family is homeless during the Great Depression.
  7. 7. How did this affect the rest of the world? <ul><li>Affected almost all countries worldwide. </li></ul><ul><li>United States, Canada, Australia, France, Germany, South America, Netherlands. </li></ul><ul><li>Sharp decrease in world trade -> countries were trying to protect their own industries. </li></ul><ul><li>Japanese used this chance to invade Manchuria, China -> claimed that economic growth would stop the depression. </li></ul><ul><li>This militarism of the Germans and Japanese eventually led to World War II (1939-1945). </li></ul>
  8. 8. How did this impact Singapore? <ul><li>Singapore’s economy depended largely on overseas trade. </li></ul><ul><li>Singapore -> involved in tin and rubber trade with US. Demand for certain commodities dropped. </li></ul><ul><li>Companies in Singapore suffered losses -> cut expenses or retrench workers </li></ul><ul><li>Poor conditions for peop </li></ul>
  9. 9. How did this impact Singapore? <ul><li>Decrease in trade and business </li></ul><ul><li>Arrangements were made for the unemployed to return to their homelands. </li></ul><ul><li>Restriction on immigration: </li></ul><ul><li>By 1934, exports from Singapore began to increase again as business conditions in US and other countries improved. </li></ul>
  10. 10. Bibliography: <ul><li>Books : </li></ul><ul><li>Panpac Education. (2007). Singapore. From Settlement to Nation. Pre-1819 to 1971. Singapore. EPB Pan Pacific. </li></ul><ul><li>Online resources: </li></ul><ul><li>Slide Share (2007). External Events that affected Singapore. Retrieved on 11/03/11 from http://www. slideshare .net/ donaldleo /sec2-chap5-events1 </li></ul><ul><li>History.com (2009). The Great Depression. Retrieved on 13/03/11 from http://www.history.com/topics/great-depression </li></ul><ul><li>About.com (2008). The Great Depression. Retrieved on 14/03/11 from http://history1900s.about.com/od/1930s/p/greatdepression.htm </li></ul>

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