17.3k views
1 vote
What changes did the American citizens experience because of the depression

User Porquero
by
4.3k points

2 Answers

1 vote
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 Ethangui
by
4.4k points
1 vote

Answer:

A general drop in quality of life, massive job loss, shortage of many foods, and several other economical issues.

Step-by-step explanation:

Pro tip: Mention the crash of the stock market, that was the major reason for an increase of prices.

User Oyabi
by
4.8k points