Why was there unemployment during The Great Depression?

Answer 1

Answer

They were laid off because the owners didn't have enough money to pay them.

Answer

The Stock Market crashed and many business' collapsed because of it.

Answer 2

the enigma of British interwar unemployment has provided very few certainties. The 'tour de force' of the British government in choosing to over-appreciate the economy proved problematic for key export dependant industries. The lack of competitiveness of the British firm throughout this period dominates, and when coupled with the deficiency of world demand proved that this period was to be the most troublesome for employment within Britain. The world depression in the 1930s only served to offer further hurdles after the already high rates of unemployment experienced in Great Britain throughout the 1920s. Modern debate picked up on the problems identified by contemporary observers. The problems transpired from industry, and the ever growing power of the trade unions. Was it the trade unions that proved the calamity for the high real wage rate, aided by a generous unemployment system as some would have us believe, or other factors? The lack of information from the period and focus of particular studies does little to help piece the jigsaw together, however a few certain conclusions can be drawn. The real wage rate was at a high level during the period, industry did lose out to foreign competitors, both due to their relatively high prices in light of new competition and also thanks to foreign protectionist policy. Suffering and unrest prevailed as some gave up the will to seek employment. Over-capacity, built up during the war, which left far too many people in declining industries, with little hope of acquiring employment elsewhere. We can categorize the main problems into two broad categories; voluntary unemployment and also involuntary unemployment. Both of which I feel have proved to prevail throughout the period

Answer 3

because there wasnt anywork it had the ripple affect say a family of four"a dad,a mom,a 14 year old daughter and a 17 year old son" the dad owned a big company the daughter made blankets and cloths to sell in the mothers stor and the son deliverd news papers.Since there was no money for the ppl to buy the dads product the company went out of business cousing the ppl to lose there jobs,meanwhile the women had no money to buy the cloths the daughter made so the daughter had noo money to buy more fabric to make cloths so the shop went out of business,the son however couldn't get people to buy newspapers so he lost his job also now the family has no money to feed the animals and goes hungry

Answer 4

There was not so many people being employed because money was scarce and so bosses couldn't pay them as much. There was not much need for workers because of the Great Depression.

Answer 5

Yes it did make them lose their jobs