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Poverty, starvation, inflation, unemployment rates skyrocketed, citizens were unable to pay mortgages and debt, and less money wasin circulation because people were hoarding it because they were fearful of banks.
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoYes. The "Great Depression" was a period in United States history when the country's economy went into a major recession.
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What is an example economic depression?
The Great Depression
In the 1930's the US went into a severe economic state known as the?
The Great Depression
causes of economic agent conflict?
Great Depression
What 1929 event aggravated the economic decline in the US?
the Great Depression
Which countries had economic growth during the great depression?
soviet union
WHAT IS AN ECONOMIC DEPRESSION?
The Great Depression
During the great depression which economic system did many Americans think was part of the problem?
capitalism
What is an example economic depression?
The Great Depression
What is the worst period of economic hardship in US history?
Great Depression
In the 1930's the US went into a severe economic state known as the?
The Great Depression
causes of economic agent conflict?
Great Depression
Where is the setting of the Great Depression?
Mainly the United States of Americabut The Great Depression was a world-wide economic crisis.
How did government economic policies during the 1920 lead to the great depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
How did government economic policies during the 1920s lead to the Great Depression?
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
In which year was the peak of the great depression?
It was in the 1930 during which there was a severe world wide economic depression.
What was the grim economic state of the 1930s named?
The great depression
Was the worst economic period in the history of the US.?
Great Depression
