Wall Street Crash: 24 October 1929
The American Stock Market crashed in 1929 when the prices of stockes fell dramatically and people 'panic-sold'. Businesses collapsed and so people just sold shares for whatever they could. This started off the Great Depression...
The Depression affected the USA - they stooped lending money to other countries, banks collapsed so people took their money out, and unemployment rose to 12 million
Other countries were also affected - loans/trade from USA stopped, banks failed, unemployment increased considerably
Also: poverty spread, the Nazis were elected, Britain & France became less involved with the League, international conflicts (e.g. Manchuria)
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