Question

plz give explaination or example

what were the consequence of the great depression on both financial and legislative?

Answer 1

Great depression is the period of extreme financial crisis in US markets from 1929 to 1939, the longest ever period of financial distress,

Though it has its origin in US, it impacted all economies globally, with key financial impacts being decline in spending, manufacturing, revenue, profitability across companies, businesses going out of street, unemployment, etc Stock market crashed across the globe.

Great depression let to a number of policy changes across to help overcome from this failure.