it was a period of economic downturn affected only those people who invested in stocks using credit. they were unable to pay their debts, which resulted in homelessness
it was a period of severe economic downturn that affected businesses, farms and everyday Americans, as unemployment and homelessness increased around the country.
it was a period of severe economic downturn that affected farmers the worst, as people stopped buying farm products and farms were destroyed by dust storms in the Great plains.
it was period of slight economic downturn that affected only very poor, as they faced high numbers of unemployment and lacks of housing.
1 answer
The statement that best summarizes the period known as the Great Depression is:
"It was a period of severe economic downturn that affected businesses, farms and everyday Americans, as unemployment and homelessness increased around the country."
This statement captures the widespread impact of the Great Depression on various sectors of society and the economy as a whole.
