Question

How were the american people and businesses affected by the depression.

Answer 1

The correct answer is C) all of the above.

American people and business were affected by the depression in that families had little cash to buy goods, businesses laid-off workers or closed down, and people lost their savings due to bank failures.

The United States stock market crash in October 1929, initiated the era called the Great Depression in America. After the terrible stock market crash, people lost their jobs, many companies had to close, and many banks went into bankruptcy. It was one of the most difficult times in the US. The economy suffered so much and people were desperate to find a job to help their families.

Answer 2

C, all of the above.