Which statements tell direct results of the Great Depression?

Choose all answers that are correct.

The gap between rich and poor grew even larger.

The weak economy caused factory closures and high unemployment.

Many farmers faced financial ruin in the Dust Bowl.

The Prohibition amendment was finally passed.

Question

History

Jeremy Arellano

11 March, 02:38

Which statements tell direct results of the Great Depression?

Choose all answers that are correct.

The gap between rich and poor grew even larger.

The weak economy caused factory closures and high unemployment.

Many farmers faced financial ruin in the Dust Bowl.

The Prohibition amendment was finally passed.

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Answers (1)

Know the Answer?

Terrance Sloan · Answer 1

B. The weak economy caused factory closures and high unemployment.

This statement tell us about the direct results of the Great Depression.

Explanation:

Period of Great Depression, 1929, devastated and worsen the U. S. economy. Almost all the banks failed. The level of Unemployment rose to 25%. The homelessness rate also increased. Housing prices hiked uoto 30%, international import and exports collapsed by 65%, and prices fell by 10% yearly. It took nearly 25 years for the stock market to recover from the consequences of great depression.

Economy of US began to shrink in August 1929. In 1930, the economy shrank to the 8.5%, according to the Bureau of Economic Analysis.

GDP also fell dowm to 6.4% in 1931 and 12.9% in 1932. From 1933, the country suffered four years of economic contraction.