explain Great Depression
Answers
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.
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.