Question

What were the consequences of the great depression?

Answer 1

Answer:

The consequences of the great depression is discussed below.

Explanation:

• The Great Depression of 1929 destroyed the U.S. economy. The share of all banks worsened. Unemployment increased to 26% and homelessness developed.
• Housing expenses plunged 31%, foreign trade dropped by 66%, and expenses declined 11% per year.
• The long-term consequence was the Cold war, the rise of communism.

Answer 2

♥ High unemployment.
♥ Many people became homeless
♥ Farmers lost their farms 
♥ The trade shrunk
♥ Suicide rates became higher and higher.