describe the effect of the Great depression on the US
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colaapse of buiseness:due to low demand the buiseness houses collpased on a large scale.
collapse of banking system:unable to recover the inveatments,loans,and repay depositors,thousands of bank went bankrupt amd were forced to close
impact on households:faced with falling incomes manuy households in US could not repay what they had borrowed amd weee gorced to give their homes.
unemployment: unemployment rate become veey high , people traveled long distances looking for any work they could find.
impact on overaea lenders:USA overaea lenders panicked and stop providing loans to over sea investors
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