Question

highlight the effect of recession of 1930 of us economy​

Answer 1

Question:

→highlight the effect of recession of 1930 of us economy?

Answer:

• Industrial production in the United States declined 47 percent. Real gross domestic product (GDP) fell 30 percent.

Explanation:

→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 2

Answer:

The effect of recession of 1930 of US economy:-

The years between 1924 and 1928 saw some stability. Yet this was built on sand. german investments and industrial recovery were totally dependent on short-term loans, largely from the USA. This support was withdrawn when the WALL STREET EXCHANGE crashed in 1929. fearing the fall in prices people managed to sell their shares. One single day, 24 Oct,13 million shares were sold, therefore this was the beginning of GREAT ECONOMIC DEPRESSION.

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