Out of all of the four biggest industrial nations of the age (USA, Germany, UK and France), France was the last to feel the effects of the great depression. The main reason for this is the undervaluation of the French Franc (read more…)

The UK was another key force in the global economy. The British economy was not as swiftly and violently crushed as Germany’s but Britain did suffer a notable decline (read more…)

The country worst hit by the great depression was Germany. Its very weak economy couldn’t deal with the slow withdrawal of American capital. It is worth mentioning that Germany was still paying reparation from World War One, which made its situation all the more precarious. Before the crash, the German economy had been balanced on a knife-edge (read more…)

The Great Depression badly affected the American people because there wasn’t a welfare system for unemployed workers (read more…)

Unemployment during the great depression was at one of the highest levels ever in history. In America the unemployment rate reached nearly 25% at its peak. This graph shows the percentage of Americans unemployment from just before the Wall Street Crash in 1929, to the outbreak of World War 2 in 1939 (read more…)

The effects of the Great Depression were widespread and painful (read more…)