Many Americans faced social consequences of the Depression, but one direct economic consequence was
The direct economic consequence of the Great Depression was unemployment. Many workers were laid off as companies and
factories went out of business. Many
were desperate for work as they tried to make ends meet. Some walked the streets with their
credentials literally pinned on their suits or clothes in the hopes that they
would land a job.
One direct economic consequence of the times of depression was that many people had effectively lost money and for that reason were in a worse economical position that disabled them from reaching greater economic prosperity.