Respuesta :
The Social and economic effects of the great depression are as follows-
- Unemployment
- Growth of shantytowns
- Homelessness
The Great Depression of 1929 devastated the U.S. economy-
- A third of all banks failed.
- Unemployment rose to 25%, and homelessness increased.
- Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.
What were the social effects of the good Depression?
The Depression brought hardship, homelessness, and hunger to millions.
With Depression within the cities across the country, people lost their jobs, were evicted from their homes, and ended up within the streets.
In the US, where Depression was generally the worst, industrial production between 1929 and 1933 fell by nearly 47 percent, gross domestic product (GDP) declined by 30 percent, and unemployment reached more than 20 percent.
Therefore, unemployment, growth of shantytowns, and homelessness are the social and economic effects of the great depression.
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