Question

What was the effect of Great depression on the us economy ?

Answer 1

The Great Depression: Economic Collapse. In the 1930s, American capitalism practically stopped working. For more than a decade, from 1929 to 1940, America's free-market economy failed to operate at a level that allowed most Americans to attain economic success.

Answer 2

Great Depression, worldwide economicdownturn that began in 1929 and lasted until about 1939. ... Its social and culturaleffects were no less staggering, especiallyin the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War.