Question

Which effects of the Great Depression does this passage describe? Check all that apply. Bank failures business failures agricultural challenges government relief efforts homelessness and hunger layoffs and unemployment.

Answer 1

The Great Depression is described through bank failures, business failures, agricultural challenges, layoffs, and unemployment.

What was the causes and impact of the Great depression?

The Great Depression occurred in the US by the failure of the stock market, which lead to its crash. This generated a drastically negative impact on banks due to the creation of bank panics.

The economy suffered from a fall in production and investment activities. Along with this the agricultural sector also faced falling prices of lands and farm yield due to decreasing demand in the nation.

Therefore, common people had to face unemployment crises due to the lowering of industrial works.

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