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the rise of unemployment was because of the great depression because the owners didn't need workers when the stock market crashed.
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What event was a greater impact the great depression or the great recession?
The Great Depression had a more profound and lasting impact than the Great Recession. It resulted in widespread unemployment, significant economic contraction, and transformative changes in government policy and regulation, shaping the global economy for decades. While the Great Recession also caused severe economic distress and led to important reforms, its effects were less severe and shorter-lived compared to the Great Depression. Ultimately, the Great Depression reshaped societal structures and economic systems in a way that the Great Recession did not.
What was the unemployment percentage during the Great Depression according to class of society?
The unemployment rate was 25% during the Great Depression.
What is a good analogy for 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.
Which was a result of the Great Depression worldwide?
global unemployment
Which year of the Great Depression was the highest world unemployment rate?
1929
What event was a greater impact the great depression or the great recession?
The Great Depression had a more profound and lasting impact than the Great Recession. It resulted in widespread unemployment, significant economic contraction, and transformative changes in government policy and regulation, shaping the global economy for decades. While the Great Recession also caused severe economic distress and led to important reforms, its effects were less severe and shorter-lived compared to the Great Depression. Ultimately, the Great Depression reshaped societal structures and economic systems in a way that the Great Recession did not.
What was the unemployment percentage during the Great Depression according to class of society?
The unemployment rate was 25% during the Great Depression.
What is a good analogy for 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.
Did people yell in the Great Depression?
of course, great depression increase unemployment
What was the of unemployment during the Great Depression?
23.7%
What was the unemployment like during the great depression?
bad
Which was a result of the Great Depression worldwide?
global unemployment
When was Australia's unemployment rate at its worst due to the great depression?
NO
At the onset of the great depression urban unemployment?
Increased dramatically
What is considered high unemployment?
About 25% which was about the same as the Great Depression.
What is the most damaging example of cyclial unemployment?
The Great Depression
How were Australians affected by the Great Depression?
The Great Depression had a devastating effect on Australia with massive unemployment and hardship for most of the country.
