It destroyed the United States economy and the economies of other nations like Australia
Explanation:
The great depression meant less trade overall which sends a domino effect of economic crrash throughout the world which made its way to other countires like Australia which struggled hard becuase with the decrease of trade it meant less economic activity in the UK which is what the currecy of Australia was tied to the UK pound
The Great Depression had devastating effects in countries both rich and poor. Personal income, tax revenue, profits, and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25% and in some countries as high as 33%.
One reason was the new forest laws.when the colonial govn. prevented people from entering the reserved forests,the iron smelters could not find wood for charcoal and could not get iron ore
