What were the causes and effects of the Great Depression on families? 🔊
The causes of the Great Depression included a combination of factors, such as over-speculation in the stock market, a decline in consumer spending, and bank failures. These elements resulted in widespread economic collapse, leading to high unemployment and poverty that drastically affected families. Many faced eviction, malnutrition, and loss of savings, resulting in a profound shift in family dynamics and social structures. In the aftermath, families had to adapt to economic hardships, fostering resilience and raising awareness about the need for social safety nets and government intervention to prevent future economic crises.


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