/BaseEncoding /WinAnsiEncoding Click the button below to download this worksheet for use in the classroom or at home. The German economy … /Widths 16 0 R The Great Depression was of particular significance to new Zealanders in its impact upon the upbringing of New Zealanders growing up through this period. The Great Depression destroyed the American economy and workers for over a decade. << /Encoding 20 0 R As during WWII there were was a relatively high medical rejection rate for many boys called up for military service after 8-10 years after the Depression in which they suffered through. /Type /Encoding x�]ջnQ���w�ҩ�˱%�ơp���� ��)�~���r\�A�1g[:�~��2����������c?���m�js��DZYo���]?��;��������˵�^��\<=�گ�������v_n��}�������=��ߦ�O=��ڬ������?���������vJ돟:��2�]����~d��6Oð].����i =u�}}���e�ڬ�(k��ʆe��QqC1���(���(��Ȓ(�ұ��ҳ�S�=J�b,��h�eP ��ǒ4&����qv���8����c-hL>v`���8������@c�q�e�1�8�2И|�shL>��@c�q���k.И|\s�����A��q��q�8�rи|�{wи|�{wи|�{wи|��Op��OP�A�� j8h\>A ��'��q�54.�������4.�� A��I�+@�I�0@�I�0@�I�0@�I�0@�I�0@�I�0@�I�+@�I�9@�I�+@�I�+@�I�+@�I�+@�I�+@�IjhB>�� It was the longest, deepest, and most widespread depression of the 20th century. endobj /Type /Font endobj /StemV 0 /Type /FontDescriptor /Flags 32 The Great Depression was significant because the country's (even the world's) economy had never completely FAILED on that scale before (or since). 5 0 obj 18 0 obj /LastChar 35 Created by. /Contents 39 0 R << See more. /Ascent 833 >> The Great Depression was the greatest and longest economic recession in modern world history. Few countries were affected as severely as Canada during what became known as the "Dirty Thirties," due to Canada's heavy dependence on raw material and farm exports, combined with a crippling Prairies drought known as the Dust Bowl. 1934. 38 0 obj Learn. The Great Depression was of particular significance to new Zealanders in its impact upon the upbringing of New Zealanders growing up through this period. /Widths 21 0 R Oktober 1929 mit dem „Schwarzen Donnerstag“ begann und die 1930er Jahre dominierte. }4)�B�Mʧ�'A��)�IФ| The Great Depression, which lasted from 1929 to 1941, was a severe economic downturn caused by an overly-confident, over-extended stock market and a drought that struck the South. the numerous amount of programs were known … Il y a 4 années. Key Takeaways. In Canada, the changes were dramatic. what is the significance of the great depression? /Type /Encoding the great depression was important because it kinda pushed the US into a better economic system. The riots were a significant main part of the Depression era. endobj /Type /Encoding /Ascent 891 << Then you need to think cause and effect. These factors led to rapid declines in global trade and rising unemployment. << Anyway, the Great Depression was historically significant because it shows our resilience as a species, our ability to keep going strong when life is getting us down. /FontBBox [-558 -307 2000 1026] endobj The Great Depression has had a lasting significance in politics, as the Labour Party today remains one of the major political parties, something enabled by its success in the 1930s and 1940s. Any answer will do as long as it answers the question, which is always your #1 target So the event is the depression. Spell. dylan_rosenthal. /FontName /Arial-BoldMT Print. The Great Depression was of particular significance to new Zealanders in its impact upon the upbringing of New Zealanders growing up through this period. 22 0 obj ���9������@c�qNa�1�xb���9������@c�q�e�1�����ǹA��ǹA��ǹA���9����ܩ����pи|��OP�A�� j8h\>A ��'��q�54.���A��I:4.���A��I:4.���A��I:4.���A��I�E�&䓸� M�'�? This shows a clear indication that the impacts of the Depression were of clear significance to New Zealanders at the time, as they influenced their lifestyle decisions (decisions to start families for instance). 30 0 obj endobj << /ToUnicode 12 0 R >> Match. New York: Garland Publishing, Inc., 1981, 204 pp. Upgrade to remove ads. << Lasting almost 10 years (from late 1929 until about 1939) and affecting nearly every country in the world, it was marked by steep declines in industrial production and in prices (deflation), mass unemployment , banking panics , and sharp increases in rates of poverty and … They key word here is significance then depression and then Germany Its important to understand how the questions works and to an extent what they want. >> /LastChar 95 The Great Depression of the 1930s in Canada, Ottawa: Canadian Historical Association, 1984. 30 million American's had lost their source of income from unemployment. endobj Historians and economists give various causes for the Great Depression including drought, overproduction of goods, bank failures, stock speculation, and consumer debt. << Assess the significance of the Great Depression on German History 1923- 1939’ High School Level type of work candidates have to decide their own criteria for assessing significance (affecting Hitler’s rise to power could be one) Word limit: 2000 words, worth 27 % of IGCSE grade The assessment objectives in this coursework are: AO1: an […] /Filter /FlateDecode /Type /FontDescriptor /Filter /FlateDecode /Length 677 >> PLAY. During the Great Depression in New Zealand, unemployment rates had peaked at 79,435 in 1933 at its height. It began on “ Black Thursday," Oct. 24, 1929. A social issue was weakening because the people in Germany were struggling. 2  Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%. /FontBBox [-665 -325 2000 1006] /Type /Encoding /ItalicAngle -120 >> x�]Ի��@���wp8q���iD2K@�-�0v!-�2�ۯ�9,�&H��Ӫ�F���}����|��9^�}�Uݩo�r��ǦT�r{��s�ۭ��qԥ-סn�X��2�\n�����g�o��6��:t�~�����\��e��RyeY��U�X�TGq��%PB��$��bK���UV,�(�*k�7�7c�Qjg9�T��AiT4W�Ҫh��RT4W�ҩ�(��X@c�4&���s /Subtype /TrueType However, Roosevelt’s chief fiscal tool, deficit spending, proved to … The Great Depression led to years of economic downturn and disinvestment in several developed nations, as businesses closed or cut back by shedding workers. /LastChar 67 A third of all banks failed. Empirical impacts and thus significance of the Depression on New Zealand society encompassed every facet of daily life. In Germany, the Depression left six million people, more than one-third of the working population, without a job. /ItalicAngle -164 Great Depression Vocabulary/Significance. Thus it can be said that the Depression was of significance to New Zealanders at the time and today in the aspects of the current political landscape of New Zealand, (the two major parties being Labour and National) as both parties were to an extent born out of the Depression (at least in their current iterations) and so it can be said that the issues which motivated the formation of these parties has remained a point of significance in their policy and viewpoints, carrying forward.[1][4][7]. Kevin7. /Flags 32 The Great Depression was a worldwide economic crisis, deemed the worst of its kind in the 20 th century. Meaning: n. 1. the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s 2. a period during the 1930s when there was a worldwide economic depression and mass unemployment. /Filter /FlateDecode �����6`>l���60�&m�h|�mt��,뺝��E��F ~��O8oY�u�&`���z/���oS�\(��$J�KMR��$�I�R�T%��JR���l��vN*7��h�4?�m,��w���#��My /FirstChar 32 endobj Only $2.99/month. Then you need to think cause and effect. The worst and longest downturn in our economic history threw millions of hardworking individuals into poverty, and for more than a decade, neither the free market nor the federal government was able to restore prosperity. 8 0 obj endobj endstream �F��n��*lY�j�>��|x���+����'��@Ov躷���8�!����/L����i0i�U����U]��z[�4�^* �#�%��#�P��W���u7�;�?�E"u"u&�S&M"�J���}BZ�����(��?ɾ�_����;�u[x�ku << Assess the significance of the Great Depression on German History 1923- 1939’ High School Level type of work candidates have to decide their own criteria for assessing significance (affecting Hitler’s rise to power could be one) Word limit: 2000 words, worth 27 % of IGCSE grade. You need a potted history and understanding of that for notes. Learn. Log in Sign up. x�]нn�0 ��w�x��VB,W�����%�TB�po��P�.��%Nlg����&�I��9@`�X�a]6/��a2��)#ÑQ���bQ,k���zI���������uO1�� 39 0 obj }4)�B�Mʧ�'A��)�IФ| /Filter /FlateDecode This timeline covers significant events from 1929 through 1941. Chad. Il y a 4 années. Others lost their savings as banks folded. it also produced a lot of good organizations through the work of FDR. /Encoding 35 0 R The Significance of the Great Depression to New Zealand’s society and economy is not such a question as to, why, but as to how it is of significance to New Zealand. endobj Adolf Hitler knew his opportunity had arrived. /XObject << It also produced organizations through the work of FDR. “The Smoot-Hawley Tariff: A Quantitative Assessment.” Review of Economics and Statistics 80 (May 1998): 326 -334. /Type /FontDescriptor The Depression was a devastating event in America, and by regulating banks and the stock market the New Deal eliminated the dubious financial practices that had helped precipitate the Great Depression. endobj /img0 40 0 R the great depression was important because it kinda pushed the US into a better economic system. Savage is credited with the introduction of the welfare state in New Zealand, bringing in … endobj Log in Sign up. << >> However, there is consensus that the Depression was the result of widespread drops in world commodity prices and sudden declines in economic demand and credit. 2 réponses. The Great Depression of the 1930s was a severe economic problem which affected the whole world, and United States of America (USA) in particular. In the good times before the Great Depression the Nazi Party experienced slow growth, barely reaching 100,000 members in a country of over sixty million. endobj endstream /Length 1959 The evidence for this can be seen in the election numbers: in the elections of 1919, the three Weimar-supporting parties accumulated 76.2% of the popular vote. Répondre Enregistrer. endobj You need a potted history and understanding of that for notes. /Descent 216 29 0 obj /Type /Font 17 0 obj Over the next four days, stock prices fell 22% in the stock market crash of 1929. >> /FontBBox [-122 -680 623 1021] /Widths 31 0 R endobj /FirstChar 32 endobj /Resources << /ToUnicode 37 0 R /Differences [32 /T /f /i] /Type /Encoding Assess the significance of the Great Depression on German History 1923- 1939’ High School Level type of work candidates have to decide their own criteria for assessing significance (affecting Hitler’s rise to power could be one) Word limit: 2000 words, worth 27 % of IGCSE grade The assessment objectives in this coursework are: AO1: an […] >> 20 0 obj Є| The Depression was primarily significant for Germany and the Weimar Republic the depression was a very significant event. /FontDescriptor 33 0 R Terms in this set (22) Black Tuesday Definition. >> 0 0. /CapHeight 0 endstream 14 0 obj Crime was at a peak, and many different groups of people struggled for their livelihoods. /Differences [32 /parenleft /comma /two /seven /I /T /p] Flashcards. Poser une question + 100. However the ways in which the consequences of The Great Depression have bared significance to New Zealand society, and the ways in which it still continues to do so in the present era is a topic which must constitute further analysis. 36 0 obj /Type /FontDescriptor /FontName /Arial-ItalicMT /Subtype /TrueType 28 0 obj /Ascent 891 /FontBBox [-517 -325 1379 998] It also ignited the formation of the NZ Legion, a conservative group of businessmen with the goal of fighting the Depression. Meaning: n. 1. the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s 2. a period during the 1930s when there was a worldwide economic depression and mass unemployment. endobj /ItalicAngle 0 /ToUnicode 32 0 R /F60 34 0 R /Subtype /TrueType [214 333 333 250 333 250 500 500 500 500 500 500 500 500 500 333 333 500 611 611 667 722 611 611 722 722 333 444 556 833 667 722 611 722 611 500 556 722 611 833 500 500 444 500 444 278 500 500 278 444 278 722 500 500 500 389 389 278 500 444 667 444 444 389] /Length 252 This mentality was followed … >> /StemV 0 35 0 obj /BaseEncoding /WinAnsiEncoding /Type /Font The Great Depression of the late 1920s and ’30s remains the longest and most severe economic downturn in modern history. Ursprung der Weltwirtschaftskrise, im Englischen wird der Begriff auch synonym dafür verwendet. Black Tuesday Significance. /Type /FontDescriptor x�]��n�0��H�C�݉@�J�P.���>@�8(�p"}�&�q�Œ?������=�P�795@`Ƣ&��B Start studying the great depression. The Great Depression was a worldwide economic depression that lasted 10 years. 2 0 obj The significance of these economic factors experienced during the Depression, meant that severe hardships were suffered by those with work. /LastChar 34 31 0 obj From New Deal to New Economics: The American Liberal Response to the Recession of 1937, by Dean L. May. 15 0 obj By New Zealand standards this was severe. And how these realities influenced their lifestyles and attitudes throughout the rest of their lives. /FontDescriptor 3 0 R It is valued as an important event, which is still published about. 12 0 obj /FirstChar 32 4. >> stream >> 33 0 obj x�]нn� �=Rށ�:%$��H�]��V�� ��D�po_i�.���1vu��ѡ,�Oo��(m���n^ �ì � �Z�=KQ,�ŢX>=� �h�-��������4O1���6���2a>m���&��,#>u��/@�a�D�VV�� ���I]3�+����������v��S��2�B��I�&K��Ei��$9����&�P�,o�;G_�Z��1�ؼ�C�M�iqJm�X��.�����uz People also had to witness the horrific scenes left at Queen Street, after the Auckland riots. /BaseFont /Arial-BoldMT /Differences [32 /one /three /five /seven /eight /nine] Create . The nature of the Great Depression, as the most devastating economic recession and arguably social depression undergone by New Zealand in its short history is evidence of why it would bear significance to New Zealand society as a whole. Gold is a better standard than pig bellies. 10 0 obj endobj x�]��n� �wK~���؉�K��C��V��a!��x�����I�����W]���L(���[9` mHy���%�GCP7��[������(^s��'mˢm#���9���#�w���ː�aq�'� �,8�:=u�&&���VToVV��D/h�h��Vk^H�������o�I۹0v�c�|��$%0��!�uY��7�0o[ Download Significance of the Great Depression on German politics. The system of the gold standard, which linked other countries’ currencies to the U.S. dollar, played a major role in spreading the downturn internationally. /ItalicAngle 0 The 1920s brought a boom in art and urban culture to Germany such that had never been seen before. During the Great Depression in New Zealand, unemployment rates had peaked at 79,435 in 1933 at its height. /Differences [32 /quotesingle /parenleft /parenright /comma /hyphen /period /zero /one /two /three /four /five /seven /eight /nine /colon /semicolon /question /A /B /C /D /E /F /G /H /I /J /L /M /N /O /P /Q /R /S /T /U /V /W /a /b /c /d /e /f /g /h /i /k /l /m /n /o /p /r /s /t /u /v /w /x /y /z] /BaseEncoding /WinAnsiEncoding Unemployment was the most noticeable effect of the Depression. /Subtype /TrueType From the politics of the Weimar Republic to the German society, the Depression affected every aspect of Germany. << /Descent 216 >> stream Match. endobj Write. /CapHeight 0 << marksterp. The Great Depression of 1929 devastated the U.S. economy. 21 0 obj /Length 610 << /Widths 11 0 R /Differences [32 /slash /zero /one /two /four /five /six /seven /eight /nine /B /D /F /G /I /J /S /T /U /a /c /d /e /f /g /h /i /l /m /n /o /p /r /s /t /y] /FirstChar 32 TheStreet takes you through some of the causes and effects of the depression. /F00 4 0 R “The plight of the children promoted Coates, in 1934, to contemplate introducing free milk in schools. endobj endobj STUDY. /Filter /FlateDecode << stream >> Click the button below to download this worksheet for use in the classroom or at home. Sie war Teil bzw. /LastChar 37 The reason why […] The Significance Of The Great Depression On German History 1923-1939 From the vivid, carefree ‘Golden Years’ to wretched poverty and unemployment, it is clear that the Great Depression was incredibly influential on Germany. *@�I�E�&䓸� M�'q��O�.4!��]hB>��hB>��hB>��hB>��hB>��hB>��hB>Y��&�5;hB>�����p_��|^v�}����+�@\}�� Similar words: depression, repression, a great deal, digression, aggression, impression, oppression, expression. ; $30.00 (U.S.). >> /FirstChar 32 /F50 29 0 R endobj Write. Great Depression History. Attempts to define treatment models that work for depression rest on two cardinal assumptions: that the condition(s) being treated is (are) in fact a recognizable and distinctive disorder (or set of disorders) and that the treatment offered for it (them) is reasonably specific to that disorder. Print. endobj The Great Depression was a long and extensive economic crisis, affecting most developed nations in the early and mid-1930s. From the politics of the Weimar Republic to the German society, the Depression affected every aspect of Germany. /StemV 0 The impact was mainly on the economy, hunger, government, and Hitler. /Type /Page /CapHeight 0 /Type /Font /Encoding 15 0 R See more. Pertinence. /Descent 212 A few of these people had cars, but most hitchhiked or "rode the rails." /FontName /TimesNewRomanPS-BoldMT 25 0 obj /Font 2 0 R /CapHeight 0 Marriage rates fell from 7.8 per thousand in 1929 to 6.81 per thousand in 1932, birth rates fell from 19.76 per thousand in 1926-30 to 16.98 per thousand in 1931-35, abortion rates also rose. And how these realities influenced their lifestyles and attitudes throughout the rest of their lives. /Differences [32 /exclam /quotedbl /dollar /quotesingle /parenleft /parenright /comma /hyphen /period /slash /zero /one /two /three /four /five /six /seven /eight /nine /colon /semicolon /question /A /B /C /D /E /F /G /H /I /J /K /L /M /N /O /P /R /S /T /U /V /W /Y /underscore /a /b /c /d /e /f /g /h /i /j /k /l /m /n /o /p /q /r /s /t /u /v /w /x /y /z /braceright /asciitilde] endobj 9 0 obj /StemV 0 << Create your own unique website with customizable templates. /ProcSet [ /PDF /Text /ImageC] /CapHeight 0 /Type /Encoding The Great Depression plunged the American people into an economic crisis unlike any endured in this country before or since. endobj /F20 14 0 R /FontBBox [-628 -376 2000 1010] endobj The Great Depression was particularly severe in Germany, which had enjoyed five years of artificial prosperity, propped up by American loans and goodwill. /CapHeight 0 /StemV 0 The Depression was a devastating event in America, and by regulating banks and the stock market the New Deal eliminated the dubious financial practices that had helped precipitate the Great Depression. /BaseFont /TimesNewRomanPS-ItalicMT endstream Learn vocabulary, terms, and more with flashcards, games, and other study tools. /ItalicAngle 0 3. /Ascent 905 endobj The Significance Of The Great Depression On German History 1923-1939 From the vivid, carefree ‘Golden Years’ to wretched poverty and unemployment, it is clear that the Great Depression was incredibly influential on Germany. The Great Depression began with the crash of the stock market in October of 1929. endobj It shows economies can go wrong. Maclean. /FontDescriptor 28 0 R << The greatest significance of the Ruhr crisis in the context of the Great Depression lies in the fact that it caused general distrust of the new Weimar government. /BaseFont /Arial-ItalicMT 32 0 obj /F40 24 0 R [611 278 222] The Great Depression was a very significant event to Germany. [333 408 500 180 333 333 250 333 250 278 500 500 500 500 500 500 500 500 500 500 278 278 444 722 667 667 722 611 556 722 722 333 389 722 611 889 722 722 556 667 556 611 722 722 944 722 500 444 500 444 500 444 333 500 500 278 278 500 278 778 500 500 500 500 333 389 278 500 500 722 500 500 444 480 541] Spell. STUDY. Neatby, Blair. /Widths 36 0 R Obtenez des réponses en posant vos questions maintenant. subject: What is the significance of the Great Depression In the young, yet tumulus history of our great nation, U.S.A. During the Great Depression in New Zealand, unemployment rates had peaked at 79,435 in 1933 at its height. /Type /Font /Encoding 5 0 R /Type /Font /Descent 216 “The Great Depression – Causes & Concerns”. >> /ItalicAngle 0 In an attempt to end the Great Depression, the U.S. government took unprecedented direct action to help stimulate the economy. There were laws set afterward to attempt to prevent something like that from happening again. Significance of the Great Depression John Bellamy Foster A History of the Economic Analysis of the Great Depression in America, by William E. Stoneman. /Ascent 905 /FirstChar 32 /ToUnicode 27 0 R A significant aspect of the Great Depression that has had a long term impact on New Zealand society is the legacy it holds. << /Type /FontDescriptor Of those lucky The great depression was important because it pushed the U.S.A. into a better economic system. They also thought that any further repetition of severe economic distress was inconceivable in the age of informed macroeconomic policy. endobj /ToUnicode 7 0 R 6 0 obj 11 0 obj >> x�]����0�� y�wSlS� �r͐�ڢA����@#�3���?�4C�d��gr�q�vJü^m~�;���!Ŭ��;u�ɕ��C7?ovv�vZ�����}��)��z��/���~��{;ߗ��5�������1M��iv�zu8��=R}�����ns��Rc���v��tեHQܾ�땦���F]��W�܎����J�҈F*���4" BR� ���Aj��H $�HҐ4F� [���Ȏdg�i�xV��\HX��HX+�D�R%a��'iAj�~j15B?������S���`�j�~�@��O`�� �5B?���� օ@��O0c5B?���� ��� ���55B?�fC�F觱��P�駱���Oc�z����X�j9/akf����6q'�{���% Significance to New zealand As New Zealanders experienced the depressing atmosphere of the 1930’s and witnessed the poverty and civil unrest that the Great Depression brought, their lives became “permanently changed” and people were left “scarred by their experiences and the effect of the Great Depression” (14). << This coupled with insufficient employment relief schemes and dwindling incomes dragged many New Zealanders into impoverishment, for example data indicates in 1925-26 only 11.3% of New Zealand’s 557.288 strong workforce were earning less than $52 P.A but by 1932-33 this number jumped up to 42.3% of the 681,135 strong workforce were in this bracket. stream Depression … >> 19 0 obj >> >> /ItalicAngle 0 /FontName /ArialMT What is a Depression? /Ascent 905 /Filter /FlateDecode However, Roosevelt’s chief fiscal tool, deficit spending, proved to … the great depression. /F10 9 0 R Learn about what daily life was like during the Great Depression, important people, causes, effects, popular food at the time, and much more. << << endstream Get little-known Great Depression facts for students and kids here. /Type /FontDescriptor One of the most significant impacts of the Great Depression is that it brought the Nazi Party into the spotlight. 3 0 obj >> /Flags 32 The Great Depression destroyed the American economy and workers for over a decade. >> >> /ToUnicode 17 0 R >> The Great Depression was just after the golden years- so it was a real hit to the German population as they had just enjoyed a good few years. /Widths 26 0 R stream /Encoding 25 0 R >> /FontName /TimesNewRomanPSMT /BaseFont /TimesNewRomanPSMT /Length 231 [556 611 611 611] 0 0. 3  4  It took 25 years for the stock market to recover. Great depression definition, the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. Change of Presidents Herbert Hoover was President of the United States when the Great Depression began. >> x�uXmo�H�)���ݥ��&���uڦ/J#W��Ë�S�'U��z��؝l�HI�,����3�r_^X~�ߞ��3�¢��?�Y�k̽I|����b�aO��S�t�����{������+�0�f������/�,�1,o2����C��_��o{�]�m�_�����9n�Y�X�������絫�W޻�އ�wK�Fob ��|��}\7w�����ޛ7�ۏ��3lt��݇{�2>�@�. /BaseFont /TimesNewRomanPS-BoldMT Vous avez encore des questions? With the hyperinflation crisis solved by Chancellor Stresemann and steadily improving international relations, the days of poverty and unhappiness seemed far behind. 16 0 obj /Type /Font << The central role of reduced spending and monetary contraction in the Depression led British economist John Maynard Keynes to develop the ideas in his General Theory of Employment, Interest, and Money (1936). 1  Unemployment rose to 25%, and homelessness increased. The Great Depression resulted in the first election of the Labour party, partly as reaction to what many New Zealanders at the time felt was a failure by the previous coalition government to appropriately address the issues of the Depression. /ToUnicode 22 0 R /FontDescriptor 13 0 R 7 0 obj [600 600 600 600 600 600] << Any answer will do as long as it answers the question, which is always your #1 target So the event is the depression. 4 0 obj endobj While the Legion would go defunct by the end of 1934 due to internal conflicts and Labour trouncing the more right leaning parties in the 1935 election, key members of the Legion would go on to become active members in the new National party formed in 1936. /Length 442 /F30 19 0 R Hitler's main tactic was to take advantage of the circumstance (He attempted it once before with the Munich putsch when there was hyperinflation) and therefore in the great depression when the severe unemployment occurred he promised to employ them. The Great Depression was the worst economic downturn in the history of the industrialized world, lasting from 1929 to 1939. In order to assess the significance of the Great Depression, we must consider the different ways in which the Great Depression was significant. The Great Depression represents one of the longest and hardest economic struggles in the country’s history. Although, the New Deal is given credit for getting the American Economy out of the depression, in reality it … /BaseFont /ArialMT /Descent 212 Unemployment hit millions of Germans, as companies shut down or downsized. The Great Depression defined not only a generation but also a century. The political consequences of the Great Depression were significant and lasting, with 1935 seeing the election of New Zealand’s first Labour government, lead by Michael Joseph Savage. In Germany, with the Great Depression came the emergence of the Nazi party into German Government which resulted in a second world war as “ The onset of the depression in 1929 produced a fresh crisis for Hitler to exploit” (16). During the Great Depression, millions of people were out of work across the United States. /Subtype /TrueType the numerous amount of programs were known as his "alphabet soup." Great depression definition, the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock-market crash in October, 1929, and continuing through most of the 1930s. [1], One of the other significances the Great Depression carried for New Zealand was the implications it had for the future of New Zealand politics. /FirstChar 32 27 0 obj stream /Flags 32 , sparked the Great Depression was a very significant event between two wars! Significant to Germany a peak, and Hitler ’ s chief fiscal tool deficit... Has been noted as one of the United States of the Weimar Republic the. Plunging stock market crash that helped initiate the Great Depression was of particular significance New... Problem with social, economic, and other study tools growing up through this.. Followed … during the Great Depression ( deutsch „ Große Depression “ ) bezeichnet man die Wirtschaftskrise! Herbert Hoover was President of the Great Depression that lasted 10 years upbringing of New Zealanders its! American people into an economic crisis, affecting most developed nations in the Great Depression of Great... Those lucky the Great Depression, repression, a Great deal, digression, aggression, impression, oppression expression! A boom in art and urban culture to Germany an economic crisis unlike any endured this... Art and urban culture to Germany lot of good organizations through the of! ; the worst economic downturn in the country ’ s history 1933 its. 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