History, asked by cooldude420, 1 year ago

how the great economic depression affected US economy

Answers

Answered by EmgxAdramelech
1
Hey there!
Actually Greeat economic depression has affected USA ECONOMY very badly and it also to the decrease in shares which led to the crash of WALL STREET EXCHANGE on a day of October when 13 million shares were sold in a day . And since USA was the one who was helping the affected countries of World War I , so due to economic depression thier economies were also hit as they were depended on USA SHORT TERMS LOANS AND CREDITS.
HOPE IT HELPS.

cooldude420: thanks
EmgxAdramelech: No problem buddy.
Answered by trisha10433
1
hey
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the great economic depression (1929)
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• it happened in USA but it effect fell on germany too

• germany industries were working on loan , this loan was given by USA

• wall street exchange crashed it was largest in the whole world

• as it crashed , tension was created in the minds of the people

• all the shares were sold

• in 1 day all the shares were sold

• it increased to 13 M which was sold on 24 october

• from here the economic depression started

effect
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national income was halved

factories of USA were closed

export became less

hope helped
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