how the great economic depression affected US economy
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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.
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:
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Answered by
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hey
____
the great economic depression (1929)
____________________________
• 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
______
national income was halved
factories of USA were closed
export became less
hope helped
___________
____
the great economic depression (1929)
____________________________
• 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
______
national income was halved
factories of USA were closed
export became less
hope helped
___________
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