THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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25%
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35%
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50%
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2%
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Detailed explanation-1: -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-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: -The highest rate of U.S. unemployment was 24.7% in 1933, during the Great Depression. Unemployment remained above 14% from 1931 to 1940. 1 It remained in the single digits until September 1982 when it reached 10.1%.
Detailed explanation-4: -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. Though this unemployment rate also excluded those on reduced hours or migrants/women not eligible to officially sign on for benefits.
Detailed explanation-5: -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.