Question
What were the economic consequences of the Great Depression? Select three options.
hunger
layoffs and unemployment
business failures
experience being unhoused
bank failures
hunger
layoffs and unemployment
business failures
experience being unhoused
bank failures
Answers
GPT-4o mini
The economic consequences of the Great Depression included the following three options:
1. **Hunger** - Widespread poverty led to food scarcity for many families, resulting in hunger and malnutrition.
2. **Layoffs and unemployment** - As businesses struggled or failed, many individuals lost their jobs, leading to record-high unemployment rates.
3. **Business failures** - A significant number of businesses went bankrupt due to decreased consumer spending and a lack of access to credit.
While "experience being unhoused" and "bank failures" were also significant issues during the Great Depression, the three options chosen directly represent broader economic consequences.
1. **Hunger** - Widespread poverty led to food scarcity for many families, resulting in hunger and malnutrition.
2. **Layoffs and unemployment** - As businesses struggled or failed, many individuals lost their jobs, leading to record-high unemployment rates.
3. **Business failures** - A significant number of businesses went bankrupt due to decreased consumer spending and a lack of access to credit.
While "experience being unhoused" and "bank failures" were also significant issues during the Great Depression, the three options chosen directly represent broader economic consequences.