analys the impact of great depression in usa
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Answer:
The Great Depression of 1929 devastated the U.S. economy. Half of all banks failed. Unemployment rose to 25% and homelessness increased. Housing prices plummeted 30%, international trade collapsed by 65%, and prices fell 10% per year.
Answer:
Impact of great depression in USA:
1) During the primary 5 years of the depression, the economy shrank 500th. In 1929, economic output was $105 billion, as measured by gross domestic product.
2) The Depression affected politics by shaking confidence in unchained market economy. That form of capitalistic economic science is what President United States President advocated, and it had failing.
3) The geographic region drought destroyed farming within the Midwest. It lasted ten years, too long for many farmers to carry out. to create things worse, costs for agricultural merchandise dropped to their lowest level since the war.
4) In 1928, the ultimate year of the Roaring Twenties, state was three.2%. That's but the natural rate of state. By 1930, it had over doubled to eight.7%. In 1931, it skyrocketed to fifteen.9% in 1931 and, in 1932, to 23.6%.