In the Great Depression,there have been reports of an unemployment rate of 25 Percent. January 2017, our current rate is 4.8%%
Well, in the great Depression the unemployment rate was 25% whilst today its about 8.5%. So I'd say theres a 16.5% difference.
This was The Great Depression
They arent man you arent thinking the same thing the depression is worse man dude dude dude dude you are thinking of the depression and the crash in the government7
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
We are more in a recession, not a real depression, but it will have similar characteristics due to the government because the government will take control of everything and eliminate the middle class in a Marxist fashion. Like in the Great Depression, there is only really rich, and poor.
This was The Great Depression
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
Government Economic policies did not lead to the great Depression. The Great Depression started out as a normal recession as part of a business cycle. However, bad government policies (e.g. protectionism) has worsened the recession and turned it into what we now know as the Great Depression.
Once we finish this "recession" we will be calling the last few years the "Greater Depression".
They arent man you arent thinking the same thing the depression is worse man dude dude dude dude you are thinking of the depression and the crash in the government7
it affected farmers because of the set back from the great depression
The recession of 2008 and the Great Depression of the 1930s have similar beginnings. Financial meltdowns caused a reduction in consumer spending which lead to unemployment in great numbers.
Yes, this is true
There was no 2nd Great Depression. Many thought the Great Recession would be a great depression but that was not the case. In reality, the economy was not even close to another great depression. The great depression included such things as wage fixing and pricing fixing by the government, excess public debt from WW1, Smoot-Hawley act, etc. The Great Recession was just a financial breakdown, which is bad, but not a GD.
well both times people lost money and jobs. and they both had sad people
We are more in a recession, not a real depression, but it will have similar characteristics due to the government because the government will take control of everything and eliminate the middle class in a Marxist fashion. Like in the Great Depression, there is only really rich, and poor.