Question

explain the impact of the economic depression

Answer 1

Answer:Economic damage

Recessions result in higher unemployment, lower wages and incomes, and lost opportunities more generally. Education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be long-lived.

Explanation:The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1  Unemployment rose to 25%, and homelessness increased. 2  Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

Answer 2

Answer:

Economic damage

Recessions result in higher unemployment, lower wages and incomes, and lost opportunities more generally. Education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be long-lived.