THE GREAT DEPRESSION 1929 1940
THE WALL STREET CRASH OF 1929
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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: -Between the summer of 1929 and early 1932, German unemployment rose from just under 1.3 million to over 6 million, corresponding to a rise in the unemployment rate from 4.5 percent of the labor force to 24 percent.
Detailed explanation-3: -Real wages rose by 16 percent between 1929 and 1932, while the unemployment rate ballooned from 3 to 23 percent.
Detailed explanation-4: -How high was unemployment during the Great Depression? At the height of the Depression in 1933, 24.9% of the total work force or 12, 830, 000 people was unemployed.