How the dust bowl and failure of banks hurt the economy during the great depression

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Chaim

History

14 January, 13:43

How the dust bowl and failure of banks hurt the economy during the great depression

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Fitzgerald · Answer 1

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%. it took 25 years for the stock market to recover.