answersLogoWhite

0

Which Depression? The US has experienced quite a few.

Let's begin with the Depression of 1837. It lasted until the middle 1840's and unemployment reached 25% in some areas.

Then there was the Depression of 1873. It lasted until 1879 and unemployment peaked at 8.25%.

This brings us to the Depression of 1893. Unemployment varied all over the country. In Pennsylvania it reached 25%, in New York 35%, and in Michigan 43%.

Then there was the Depression of 1920-21. Unemployment varied again by area, and ran anywhere from 5.2 to 11.7%.

Then comes the "Great Depression" of 1930. Unemployment in the US reached 25% and may have exceeded that in some states.

From then until 2008, there have been a number of recessions and economic downturns in the US. Many debate the 2008 Crisis being a depression, but it meets the definition: " a depression is a sustained, long-term downturn in economic activity in one or more economies. It is a more severe downturn than a recession."

The unemployment rate (that is trackable statistics) reported by the US Department of Labor shows that the rate peaked in October 2010 at 10%. This of course only takes into account those who report to state unemployment agencies, or receive benefits. This too is a national average, and not all states experienced the same conditions. Michigan for instance peaked at near 15% in 2009, and still hovers around 8%, while the Dakotas ring in around 2.6%.

User Avatar

Wiki User

10y ago

What else can I help you with?

Related Questions

What did some Americans question during the Great Depression?

What did some americans question during the great depression?


What is the era called when the majority of Americans struggled with poverty?

The Great Depression


What poverty was going on during the great depression?

The Dust Bowl.


Is there anyone their who lived during the great depression?

There are many Americans who were alive during the depression.


What effect did the great depression have on minority such as African Americans and Mexican Americans?

discriminatory practices worsened during the great depression.


What did the Dust Bowl do to the US agricultural economy during the Great Depression?

the great depression was a sad time for all Americans. the dust bowl was just another problem and caused hunger in many cases. it also caused poverty.


What was the homeless rate during the Great Depression?

the homeless rate during the great depression was nearly 25 percent of Americans.


Poverty rate in New York city during the great depression?

34


How many people were left in poverty during the Great Depression?

1/6 people were poor/unemployed during the great drepression.


What effect did the great depression have on minority groups such as Mexican and African-Americans?

discriminatory practices worsened during the great depression.


What effect did the Great Depression have on minority groups such as Mexican and African Americans?

discriminatory practices worsened during the great depression.


How did Americans feel when they lost their job during the great depression?

sad