Question

Write the results of the Great Depression (1929-1932 AD)

Answer 1

The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States. The timing of the Great Depression varied across nations; in most countries it started in 1929 and lasted until the late-1930s. It was the longest, deepest, and most widespread depression of the 20th century. In the 21st century, the Great Depression is commonly used as an example of how intensely the world's economy can decline.

Answer 2

Answer:

The result of the great depression was:

• economy contracted by 50%

• There was a drought that destroyed farming, resulting in farmers being homeless.
• Huge unemployment.
• Banking system failed as the money of depositors was also used for investment in the stock market.
• Trading was minimum and the stock market crashed.

Explanation:

The effects of the great depression were seen on each and every individual. Some lost their jobs, economic growth was reduced, and business activity was minimum.