170k views
14 votes
What were the economic consequences of the Great Depression? Check all that apply.

1 Answer

12 votes
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%.
User Mithun Satheesh
by
5.3k points