NURSING ANM AND GNM

Detailed explanation-1: -The Great Depression began in 1929 when, in a period of ten weeks, stocks on the New York Stock Exchange lost 50 percent of their value. As stocks continued to fall during the early 1930s, businesses failed, and unemployment rose dramatically. By 1932, one of every four workers was unemployed.

Detailed explanation-2: -BACKGROUND. The nation’s most devastating economic downturn, the Great Depression, affected blacks more adversely than any other group of Americans. Throughout this economic crisis unemployment rates were considerably higher for blacks than for whites.

Detailed explanation-3: -While no group escaped the economic devastation of the Great Depression, few suffered more than African Americans. Said to be “last hired, first fired, ‘’ African Americans were the first to see hours and jobs cut, and they experienced the highest unemployment rate during the 1930s.