Question

write any four results of the great depression
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Answer 1

Explanation:

Unemployment rose to 25%, and homelessness increased.

Housing prices plummeted, international trade collapsed, and deflation soared.

It took 25 years for the stock market to recover.

Answer 2

Answer:

• Great depression was the most intense worldwide economic depression , it started in the beginning of 1929 and lasted until the late 1930s .
• Started in US after a major falls in stocks prices; It was Tuesday and it is still known as black Tuesday.

⇒ RESULTS OF GREAT DEPRESSION:-

• It affected both rich and poor countries and Unemployment rose as high as 33% in some countries.                            

• It took almost two and a half decades for the stock market to recover.

• Deflation was also the major results faced worldwide, prices fell by 30% in two years. This was a shocking moment for the farmers, businesses and homeowners because mortgage payments hadn't fallen by 30%.

• Banking , During this depression almost 4000 banks had failed and as a result depositors lost $140 billion approximately.