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Help answer this question below.
Here you have two serious links regarding the 1929 Great Depression, I hope they help.
http://encarta.msn.com/encyclopedia_761584403/great_depression_in_the_united_states.html
http://chronicle.com/temp/reprint.php?id=477k3d8mh2wmtpc4b6h07p4hy9z83x18
THE GREAT DEPRESSION!
Try CNN news its full of the latest depression. As for the impact well just wait and see!
Wikipedia will give you a great snapshot, then, you can compare what you read there with what's going on in the US today and scare the life out of yourself when you realize that we're already in a depression
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