efffect of great depression
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The great depression of 1929 devastated the U.S economy . half of all banks failed . unemployment rose to 25% and homelessness increased . house prices plummet 30% , international trade was collapsed by 60% , and prices fell 10% per year.
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and what was couse of the great depression???
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The Great Depression, the United States' largest economic downturn, ushered in a period of unemployment, labor strife and cultural complications. At the peak of the Depression, unemployment reached an astounding 25%. Unemployed urban Americans were forced to wait in soup and work lines, steal and live in shantytowns.
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