The Great Depression was a severe worldwide economic downturn that began in 1929 and lasted for about a decade. It originated in the United States with the stock market crash but quickly spread across the globe, affecting industries, employment, and governments. Countries responded with various policies, and many experienced social upheaval.

Source A: Economic Impact in the United States

'Unemployment rose sharply, banks failed, and factories closed across America. The stock market crash of 1929 was a key trigger that led to widespread economic hardship.' Provenance: Report from the U.S. Department of Commerce, 1930.

The Great Depression affected countries worldwide, leading to a decline in international trade, high unemployment, and political upheaval. Countries like Japan, Australia, and in Latin America faced economic downturns, while some experienced social protests and shifts in political power.

Source B: Impact on Australia

'The depression led to mass unemployment and social unrest in Australia. Many families struggled to survive, and the government introduced relief programs to help.' Provenance: Australian government report, 1932.

The Great Depression had lasting effects, including changes in economic policies, the rise of welfare systems, and shifts in political ideologies. Governments worldwide learned the importance of economic regulation and social safety nets.

Source C: Political Shifts Post-Depression

'The depression led to the rise of new political ideologies such as socialism and fascism, as people searched for solutions to economic hardship.' Provenance: Modern political history analysis, 1940.