Question

The Great Depression in Washington

Pre-Test Active
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business failures
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bank failures
experience being unhoused
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What were the economic consequences of the Great Depression? Select three options.
O hunger
Olayoffs and unemployment
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Answer 1

The economic consequences of the Great Depression in Washington included business and bank failures, unemployment, and a rise in homelessness.

Step-by-step explanation:

The economic consequences of the Great Depression in Washington included business and bank failures, unemployment, and a rise in homelessness.

During the Great Depression, many businesses in Washington failed due to a decrease in consumer spending and demand for goods and services. This led to widespread layoffs and unemployment, as companies were unable to sustain their workforce.

In addition, bank failures were a major economic consequence of the Great Depression. People lost their savings as banks collapsed, leading to a loss of confidence in the financial system and further exacerbating the economic crisis.

Moreover, many individuals and families experienced being unhoused as they were unable to afford housing or lost their homes due to foreclosure or eviction. This resulted in increased homelessness and heightened levels of poverty.

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