what were the impacts of the great depression on American economy
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The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25% and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
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The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1 Unemployment rose to 25% and homelessness increased. 2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
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