Answer:
What were some economic effects of the Great Depression?
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, international trade collapsed, and deflation soared.
While the October 1929 stock market crash triggered the Great Depression, multiple factors turned it into a decade-long economic catastrophe. Overproduction, executive inaction, ill-timed tariffs, and an inexperienced Federal Reserve all contributed to the Great Depression
What are the economical hardships of today?
nearly 30% of families with incomes below twice the poverty line faced at least one critical hardship such as missing meals, being evicted from their housing, having their utilities disconnected, doubling up on housing, or not having access to needed medical care.
over 72% of such families had at least one serious hardship, such as worries about food, missed rent or mortgage payments, reliance on the emergency room as the main source of medical care, or inadequate child care arrangements.
The way that the great depression and today are similar is that people are still losing there homes, people are having to worry about if they have enough food for them and their children, there is an increase in demand and a decrease in supply which causes the current supplies price to skyrocket.