Question

how Usa was most affected by economic depression

Answer 1

The Great Depression began in August 1929, when the United States economy first went into an economic recession. Although the country spent two months with declining GDP, it was not until the Wall Street Crash in October 1929 that the effects of a declining economy were felt, and a major worldwide economic downturn ensued. The market crash marked the beginning of a decade of high unemployment, poverty, low profits, deflation, plunging farm incomes, and lost opportunities for economic growth and personal advancement. Although its causesare still uncertain and controversial, the net effect was a sudden and general loss of confidence in the economic future. [1]

The usual explanations include numerous factors, especially high consumer debt, ill-regulated markets that permitted overoptimistic loans by banks and investors, and the lack of high-growth new industries,[2]all interacting to create a downward economic spiral of reduced spending, falling confidence and lowered production.[3]

Industries that suffered the most included construction, agriculture as dust-bowl conditions persisted in the agricultural heartland, shipping, mining, and logging as well as durable goods like automobiles and appliances that could be postponed. The economy reached bottom in the winter of 1932–33; then came four years of very rapid growth until 1937, when the Recession of 1937 brought back 1934 levels of unemployment.[4]




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Answer 2

HEYA!!!!

Economic depression was started in 1929.During this period there was world wide crisis of economy. USA also affected by economic depression. Almost 25% Americans were unemployed and almost 33% people were unemployed all over the world.



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