explain the effects of recession of 1930 us economy
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Industrial production in the United States declined 47 percent. Real gross domestic product (GDP) fell 30 percent. The wholesale price index declined 33 percent” (Pells 1). As the United States was experiencing a horrible crisis, other countries around the world were also being impacted.
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Answer:
Industrial production in the United States declined 47 percent. Real gross domestic product (GDP) fell 30 percent. The wholesale price index declined 33 percent” (Pells 1). As the United States was experiencing a horrible crisis, other countries around the world were also being impacted.
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