History, asked by kjosephanand2210, 1 day ago

write any four results of the great depression?​

Answers

Answered by shaileshmishra407
1

Answer:

In the United States, where the effects of the depression were generally worst, between 1929 and 1933 industrial production fell nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.

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Answered by kirtisingh01
0

Answer:

The Great Depression was brought on by a combination of factors, including over production, administrative inaction, poorly timed tariffs, and an inexperienced Federal Reserve.

Explanation:

The worst economic era in US history was the Great Depression.

From 1929, the year the stock market crashed, through 1939, when the US began mobilizing for World War II, it lasted nearly ten years. Gross domestic product (GDP) decreased by 30% while industrial production fell by approximately 47%. At a time when unemployment insurance wasn't available, over half of US banks failed, stock prices fell by a third, and nearly a quarter of the population was unemployed.

While the Great Depression was initially brought on by the stock market fall in October 1929, a number of other causes caused it to last for ten years. The Great Depression was worsened by administrative inaction, untimely tariffs, overproduction, and an inexperienced Federal Reserve. Social programs, regulatory bodies, and government initiatives to impact the economy and the availability of money are all legacies of the Great Depression.

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