THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
One in 10
|
|
|
One in five
|
|
|
One in four
|
|
|
One in three
|
Detailed explanation-1: -In 1932, however, with the country mired in the depths of the Great Depression and some 15 million people unemployed, Democrat Franklin D. Roosevelt won an overwhelming victory in the presidential election.
Detailed explanation-2: -By 1932, the unemployment reached nearly 25%. After the market collapsed in 1929, President Herbert Hoover and his administration did very little to right the economy.
Detailed explanation-3: -At the height of the Depression in 1933, 24.9% of the nation’s total work force, 12, 830, 000 people, were unemployed.
Detailed explanation-4: -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-5: -By 1932, twelve million people in the U.S. were unemployed. Approximately one out of every four U.S. families no longer had an income.