History, asked by licsanjay2004, 1 year ago

mention any one impact of the great economic depression of 1929 on the USA? very short answer​

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Answered by sweety759
3

Answer:

The Great Depression of 1929 devastated the U.S. economy. Half of all banks failed. Unemployment rose to 25% and homelessness increased. Housing prices plummeted 30%, international trade collapsed by 65%, and prices fell 10% per year. It took 25 years for the stock market to recover.

But there were some beneficial effects. The New Deal programs installed safeguards to make it less likely that the Depression could happen again.

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