Question

mention the impact of great depression of 1929

Answer 1

Great Depression. Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. ... Its social and cultural effectswere no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War.

Answer 2

$\textbf{Hey!!!}$

The impact of the Great Depression were

$\textbf{( i ) Condition created by war}$

The Great Depression was the result of war. There was an immense industrial expansion due to the increased demand of goods supplied to the army, during the period of the First World War. After the war, the demand for these goods suddenly dropped. So, there was no demand in many industries. There was also a large fall in the agricultural prices due to reduced demand.

$\textbf{( ii ) Over production in agriculture}$

Agricultural over production was another major factor responsible for the depression. This was made worse by falling agricultural prices. As prices fell and agricultural incomes declined, the farmers tried to increase the production. They tried to bring a large volume of produce to the market to maintain their overall income. This act pushed down the prices of farm produce further.


$\textbf{( iii ) Large-scale unemployment}$

Farm could not sell their harvests, which led to business collapse. As a result, large scale unemployment occurred.


$\textbf{Hope it helps!!!!}$