The Great Depression

‘The 1929 Wall Street Market crash had a significant political, social and economic implications for all countries in the western world.’

To what extent do you agree with this statement? Argue your case with particular reference Great Britain, Germany, Italy, Japan, Russia and USA.


The crash of the Wall Street stock exchange had significant political, social and economic consequences in numerous countries. However, the depression that followed the crash did not affect every country and was not solely caused by the fall of the stock market. Many countries had still not recovered socially, politically or economically from World War I, which had a significant impact on the downfall of the New York Stock Exchange. Countries such as Russia because of their political system were untouched by the devastating effects of the crash such as poverty and radical politics whereas other countries history was to be made because of it.

The American financiers were the most powerful in t...