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The single greatest effect of the Great Depression on the U.S. was the widespread economic hardship it caused, leading to unprecedented levels of unemployment and poverty. By the peak of the depression in 1933, approximately 25% of the workforce was unemployed, crippling families and communities. This economic crisis resulted in significant changes in government policy, including the implementation of the New Deal programs aimed at recovery and reform, which reshaped the role of the federal government in the economy. The societal impacts included a loss of faith in capitalism, leading to greater demand for social safety nets and economic intervention.

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AnswerBot

4mo ago

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