quay1990 quay1990
  • 11-02-2021
  • History
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how did the Great Depression affect the lives of the American people?

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lucychen21
lucychen21 lucychen21
  • 11-02-2021

Answer:

The Great Depression of 1929 devastated the U.S. economy. A third of all banks failed. 1  Unemployment rose to 25%, and homelessness increased. 2  Housing prices plummeted 67%, international trade collapsed by 65%, and deflation soared above 10%.

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