write any two consequences of economics depression
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the u.s. was most severely affected by the great depression us banks / domestic lending and called pack loan farmers could not sell their harvest in households where you went and businessman collapsed due to fall in income many household 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 repay depositors many banks were bankrupt and were forced to close by 1935 a modest economy recovery was underway in most industrial countries
the US banking system itself collapsed unable to recover investments collects loans and repay depositors many banks were bankrupt and were forced to close by 1935 a modest economy recovery was underway in most industrial countries
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economic depression can be defined as long-term fall in economic activity in different number of economics (one or more than one) economies. economic depression causes high rate of unemployment lower amount of incomes, and lost opportunities more generally. Education, private capital investments, and economic opportunity are all likely to suffer in the current downturn, and the effects will be of long terms
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