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onomist analyzes the underlying causes of unemployment, such as industrial shifts, government policies, and global economic conditions. By combining geographical data with economic analysis, a more comprehensive understanding of the uneven distribution of unemployment during the Great Depression can be achieved.
economic depression
One of the worst signs of economic depression is high unemployment. Unemployment drives many of the other symptoms of depression (such as increased debt, mortgage foreclosures and unwillingness to spend on luxury items).
Economic geographer
The relative sizes of the areas affected by each level of unemployment
economic policy
During the Great Depression in 1932, the unemployment rate in the United States peaked at 24.9%, which means around 1 in 4 workers were unemployed. This high level of unemployment contributed to severe economic hardship and widespread suffering.
America
a period during the 1930s when there was a worldwide economic collapse and mass unemployment.
In response to past economic crises such as the Great Depression, Americans demanded government policy solutions to widespread unemployment and rising income insecurity. But a new study found that public support for government efforts to address social problems actually declined in the wake of the 2008 economic crisis.
The unemployment rate increased significantly from 3.2% in 1929 to about 25% in 1933 during the Great Depression. This drastic rise was due to the economic collapse and widespread job losses across various industries.
Depression.