History, asked by ifrak286, 1 year ago

explain Great Depression ​

Answers

Answered by waris58
3

Answer:

It was time economic problems of 1929-30's.Problems in America:

Collapse of business: Due to low demand in business houses collapsed on a large scale.

Collapse of banking system: Umablebto recover investments ,loans ,etc thousands of banks bankrupt .

Impact on household: Faced with falling incomes many households ,economy

also fall.

Impact on overseas : Due to panicked leaders, noone provide loan .

Unemployment:Rate of unemployment increased by 45 percent.

Problems in India:

Farmers were suppressed,Poor supply of raw material,Increase in rates of household, etc.

Answered by ItzIshu
4

Answer:

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.

Similar questions