Write any four result of great dapression
Answers
Answer:
The results of the great depression are as follows:
Many people lost their source of income and employment. ... The profits, income tax, loans all collapsed and dropped. The banks were also collapsed. The stock market also crashed.
The Great Depression devastated the US economy in 1929. The following are the result of the 'Great Depression' of 1929:
1. One-third of all banks failed.
2. Unemployment rose to 25%, and homelessness increased.
3. Housing prices plummeted, international trade collapsed, and deflation soared.
4. It took 25 years for the stock market to recover.
Overall, the Great Depression had a tremendous impact on nine principle areas of the US economy.
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