What were the economic consequences of the Great Depression? Select three options.

Question

hunger
layoffs and unemployment
business failures
experience being unhoused
bank failures

Answer 1

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.