Use Exam Activity 18-1 in your study guide to compose an eight- to ten-sentence paragraph that identifies how the U.S. economy changed as a result of the stock market crash of 1929 and the Depression. In addition, analyze the effects these economic changes have on the lives of American citizens.
Answer (2)
The stock market crash of 1929 led to a major economic downturn known as the Great Depression, resulting in high unemployment and widespread poverty. These changes adversely affected American citizens, with many losing homes and requiring government assistance. The crisis ultimately transformed government policy and perceptions regarding economic responsibility. ;
The 1929 stock market crash led to the Great Depression, causing widespread unemployment and poverty in the U.S. Many Americans suffered significant hardships, losing homes and relying on government aid. This crisis spurred changes in government policies, emphasizing economic responsibility and the need for intervention to support citizens.
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