state the effects of world wide economic depression
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hyy...
☆social:--The Dust Bowl drought destroyed farming in the Midwest. It lasted 10 years, too long for most farmers to hold out.
☆Unemployment:--At the beginning of the Great Depression, in the last year of the Roaring Twenties, unemployment was 3.2 percent.
☆Banking:--They rushed to take their money out of the bank. These bank “runs” forced even good banks out of business.
☆stoke marketing:-The stock market lost 90 percent of its value between 1929 and 1932. It didn't recover for 25 years. That's because people lost all confidence in Wall
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hope it helps!!
☆social:--The Dust Bowl drought destroyed farming in the Midwest. It lasted 10 years, too long for most farmers to hold out.
☆Unemployment:--At the beginning of the Great Depression, in the last year of the Roaring Twenties, unemployment was 3.2 percent.
☆Banking:--They rushed to take their money out of the bank. These bank “runs” forced even good banks out of business.
☆stoke marketing:-The stock market lost 90 percent of its value between 1929 and 1932. It didn't recover for 25 years. That's because people lost all confidence in Wall
____
hope it helps!!
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Answer:
The Great Depression had devastating effects in both rich and poor countries. Personal income, tax revenue, profits and prices dropped, while international trade fell by more than 50%. Unemployment in the U.S. rose to 23% and in some countries rose as high as 33%.
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