THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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55
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33
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44
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22
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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: -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-3: -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-4: -This downward cycle can be devastating to individuals and the economy. The highest rate of U.S. unemployment was 24.7% in 1933, during the Great Depression. Unemployment remained above 14% from 1931 to 1940.
Detailed explanation-5: -In 1929, 3.2 percent of America’s civilian labor force was unemployed. Unemployment rose to 8.7 percent in 1930, and by 1933, the rate had risen to 24.9 percent.