What was the economic impact of the Great Depression on America?

Question

History

Scarlett Downs

29 November, 08:27

What was the economic impact of the Great Depression on America?

+4

Answers (1)

Know the Answer?

Lindsay Hayden · Answer 1

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%.