Write the impact of the great depression? ,(SS class 10)5 marks
Answers
Explanation
The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed.1 Unemployment rose to 25%, and homelessness increased.2 Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.34 It took 25 years for the stock market to recover.
The great depression and it's imapct on countries:
1 After the world war 1 many countries took loan from USA in order to recover and USA became the international lender .
2 When the wall Street exchange crashes in USA market the markets collapsed .
3 As many countries were dependent on USA they also had to suffer .
4 Agricultural overproduction is also one of the main reason of the great depression as agricultural was done in every country but the consumers were less .
5 People lost their jobs , they were unemployed .
6 Exports and imports of every country was highly affected
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