Many Americans faced social consequences of the Depression, but one direct economic consequence was

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.

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.