The effects of the Great Depression were widespread and painful. Here are some facts about the great depression. In 1932, 40% of the banks that existed in 1929, over 10000 banks, were wiped out taking $2 billion dollars of civilian deposits with them. Industrial stocks lost 80% of their value and international trade was down two-thirds. It was not only the America that felt the effects of the great depression, people in England and the rest of the UK were affected as well. Particularly in North-East of England where unemployment during the Great Depression reached 70% as ship production fell 90%. Other industrial areas suffered greatly, such as Glasgow where unemployment rose to 30%.

The Great Depression had many serious repercussions in the political world as well as the economic world. It was one of the main reasons why Hitler was elected and was able to form Nazi Germany.

Therefore it may have been and indirect cause of World War Two. Germany was still paying reparations to the Allies from World War One and its industry was heavily supported by loans from the USA. So the ripples and effects of the Great Depression were to be felt for over 20 years.