The economic depression greatly impact the Europe and American economy.
Every country in the Europe was affected by the Great Depression but Poland, Germany and Austria were greatly affected. In these countries, one in five of the population was unemployed, and industrial output fell more than 40 per cent.
The Great Depression of 1929 devastated the U.S. economy which leads to all banks failed. Unemployment rose to 25% and international trade also collapsed, and deflation soared.
So we can conclude that the economic depression greatly impact the Europe and American economy.
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