What were two ways the Great Depression impacted American culture, industry, and economics?
People settled into cities more than suburbs to protect each other.
New laws regulated the money invested in the Stock Exchange.
Farming practices were created to decrease the effects of drought.
The government slowed the creation of laws to help businesses create new jobs.
Businesses became more successful with the use of newer technologies.
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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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