Question

What were three immediate effects of the great depresstion

Answer 1

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. One  Unemployment rose to 25%, and homelessness increased. Two  Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

Answer 2

1. Many people lost their jobs

2. Hunger/Death by starvation

3. Many banks closed. (over 9,000)