Question

write any two consequence of economic depression

Answer 1

the u.s. was severely affected by the great depression
us banks slashed domestic lending and calls pack loans farmers could not sell their harvest households were you went and businessman collapsed due to fall in incomes many households could not repeat what they borrowed and were forced to give up their homes cars and other consumer durables the US banking system itself collapsed unable to recover investments collects loans and rebuild depositors many banks were bankrupt and were forced to close by 1935 a modest economic recovery was underwear in most industrial countries

Answer 2

Heyy mate ❤✌✌❤

Here's your Answer...

⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️

As the economic depression developed in the early 1930s, and as producers had limited money to spend in the city, banks started to collapse at distressing rates.  

Poverty is also an important cause of Depression because it results in unemployment due to which scarcity of money widens.✔✔✔✔

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