Question

explain the impact of the great economic depression of 1929 on USA in atleast 3 points​

Answer 1

Answer:

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Answer 2

1. Between 1929 and 1932, worldwide gross domestic product (GDP) fell by an estimated 15%

2. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. In many countries, the negative effects of the Great Depression lasted until the beginning of World War II.

3.The Great Depression had devastating effects in both rich and poor countries. Personal income, tax revenue, profits and prices dropped, while international trade fell by more than 50%. Unemployment in the U.S. rose to 23% and in some countries rose as high as 33%

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