Sunday, August 9, 2009

What was the unemployment rate during the American Great Depression?

%26quot;Massive layoffs occurred, resulting in unemployment rates of over 25%.%26quot;



%26quot;Massive increases (by 1930s standards) in taxes, deficit spending, new banking regulation, and so forth, did start turning the U.S. economy around in 1933 but it was a slow and painful process with the U.S. not returning to 1929%26#039;s GNP for over a decade and still having a unemployment rate of about 15% in 1940--down from 25+% unemployed in 1932 but still high. The unemployment problem was not %26quot;solved%26quot; until the advent of World War II and the drafting of 11 million men, removing about 20% of the work force.%26quot;



%26quot;By 1935, the %26quot;Second New Deal%26quot; added Social Security, a national relief agency the Works Progress Administration (WPA), and, through the National Labor Relations Board a strong stimulus to the growth of labor unions. Unemployment fell by two-thirds in Roosevelt%26#039;s first term (from 25% to 9%), but then remained stubbornly high until 1942.%26quot;



What was the unemployment rate during the American Great Depression?student finance





Unknown, only certain thing those who worked for the government, there were always more workers than jobs available. Today it%26#039;s gepogrpahic location that prevents more from working, they have no way to get to jobs and no place to stay if they did, back then the whole country was on the move, more trains and more hitch hicking.



What was the unemployment rate during the American Great Depression? loan



Roughly 25 %|||Pretty bad around 15% to 40% population was unemployed.

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