Question

what challenges were faced by many countries across the world during great depression?

Answer 1

#In Europe it led to the failure of some major banks and collapse of currencies such as the British pound sterling.

#In Latin America and elsewhere it intensified the slump in agriculture an raw material prices.

#The US attempt to protect its economy in depression by doubling import duties also dealt another severe blow to world trade.

Answer 2

Answer:

The Great Depression, the United States' largest economic downturn, ushered in a period of unemployment, labor strife and cultural complications. At the peak of the Depression, unemployment reached an astounding 25%. Unemployed urban Americans were forced to wait in soup and work lines, steal and live in shantytowns.