express the sensitive issue during the period of the great depressin
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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%.
The depression affected almost all spheres of life. It affected politics by shaking confidence in unfettered capitalism. The dust Bowl drought destroyed farming in the midwest. It lasted 10 years long. To make things worse, prices for agricultural products dropped to the lowest level since the civil war. As farmers left in search of work, they become homeless.
The depression was so severe and lasted so long that many people thought it was the end of "American Dream". Instead, it changed that dream to include a right to material benefits.