THE GREAT DEPRESSION 1929 1940
THE DUST BOWL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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One out of Four
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Three out of Four
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One Half
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Everyone
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Detailed explanation-1: -During the Great Depression, US unemployment rate rose from virtually 0% in 1929 to a peak of 25.6% in May 1933. This was the equivalent of 15 million people unemployed.
Detailed explanation-2: -At the height of the Depression in 1933, 24.9% of the nation’s total work force, 12, 830, 000 people, were unemployed. Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933. It was the worst economic disaster in American history.
Detailed explanation-3: -The Bureau of Labor Statistics later estimated that 12, 830, 000 persons were out of work in 1933, about one-fourth of a civilian labor force of over fifty-one million.
Detailed explanation-4: -Among the suggested causes of the Great Depression are: the stock market crash of 1929; the collapse of world trade due to the Smoot-Hawley Tariff; government policies; bank failures and panics; and the collapse of the money supply.