Ask a Question
or
Create a Poll
  1. Home /
  2. Questions /
  3. Places
  4. / North America
  5. / United States

by Answerbag Staff on February 25th, 2010

Answerbag Staff

Question

Help answer this question below.

How high did unemployment go during the 1930's depression?

Share:
Other

Answers. 2 helpful answers below.

  • by Andrea Reuter on February 25th, 2010

    Answerbag Experts

    Great Answer

    Professionally Researched. (What's this?)

    In 1933, the unemployment rate reached its highest point during the Great Depression, measuring nearly 25 percent of the labor force. More than 12 million workers were unemployed in the U.S. in that year.

    Source:

    U.S. Bureau of Labor Statistics: Compensation from Before World War I Through the Great Depression

    U.S. Department of Commerce, Bureau of the Census: Historical Statistics of the United States Colonial Times to 1970 (PDF)

    No comments. Post one | Permalink

  • by A.C. Vila on May 22nd, 2010

    A.C. Vila

    The unemployment rate was almost 25% at one point. Many economists believe that the efforts of FDR and the congresses interference in the private sector prolonged the depression far beyond what would have naturally occurred had the market been allowed to self correct.

    Recessions occur about every 15-20 years and self-correct when the government stays out of it and lets business sort itself out, including allowing companies to fail if that's the course they set themselves on.

    No comments. Post one | Permalink

Want to attach an image to your answer? Click here.

Did this answer your question? If not, then ask a new question or create a poll.

More Questions. Additional questions in this category.

You're reading How high did unemployment go during the 1930's depression?

Follow us on Facebook!

Related Ads

Related Questions

Professionally Researched

ANSWERBAG BUZZ

Unemployment depression states depression
How high did unemployment go during the great depression
Which republican economic medicine of the 1920s helped cause the sickness of depression during the 1930s
How much did a writer earn in 1930s
How high did unemployment go during the depression

Answerbag

a Demand Media company