The Depression wiped out banks, businesses, and families. Every week for the first three years of the Depression, one hundred thousand workers lost their jobs. By 1932 more than 13 million Americans—a quarter of the workforce—were unemployed. In some cities, including Cleveland and New York, 50 percent of workers were unemployed. Total farm income fell from $12 billion in 1929 to only $5 billion in 1932. More than five thousand banks failed, and the savings accounts of more than nine million Americans disappeared.

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

Respuesta :

The effects of the Great Depression does this passage described are

  • bank failures
  • business failures
  • agricultural challenges
  • layoffs and unemployment

This is further explained below.

What is Great Depression?

Generally, From 1929 through 1939, the industrialized world was hit by the greatest economic depression in history.

In conclusion, This text describes the impacts of the Great Depression.

Collapse of the Banking System

Failures in Business

Challenges in the Agricultural Sector

unemployment and dismissals

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