History, asked by divyarajpatidar452, 1 year ago

How did economic depression affected USA?

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Answered by alemkichu2001
7

The Great Depression of 1929 devastated the U.S. economy. Half of all banks failed. Unemployment rose to 25 percent and homelessness increased. Housing prices plummeted 30 percent, international trade collapsed by 60 percent, and prices fell 10 percent. It took 25 years for the stock market to recover.


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