How was the employment rate affected during the great depression?

Answer 1

Business leaders or Bosses could not afford to pay their workers and keep profit for themselves so they fired many workers and unemployment was 8 million to 15 million by the time roosevelt took office

Answer 2

The Great Depression was a negative period in American History in that it caused tremendous economic hardship on labor and business in America. Not all historians agree on the positive effects of this time in our history. The nation did not turn to radical attempts to solve the problems. There were no large increase in the membership of communist or socialist or other radical groups. The New Deal was either hated or loved. Perhaps the greatest accomplishment of the New Deal was to ease the economic hardship faced by many during the Great Depression. While not being able to end the Depression, the New Deal did preserve the people’s confidence in America’s institutions and government. The relief measures of the New Deal were considered a success. Not everyone supported the New Deal. As a formula for economic recovery, the New Deal failed. Many businessmen and financiers did not support the economic measures of the New Deal. With the recession of 1937, many business leaders and politicians claimed that FDR’s policies were a failure and the attempt to maintain prosperity during peacetime was not successful at all. Many Americans however in both rural and urban areas of the nation did supported the efforts of the New Deal. FDR’s Fireside Chats provided confidence and reassurance to many. Rural electrification, Social Security, insurance of bank accounts, protection for labor unions, and federal controls over the economy gave many a sense of security in the future and in the government. While there were some radical movements during the Great Depression, the faith Americans had in their system of government did not falter. Many, however, were opposed to the growth of the federal government and the corresponding cost to maintain those new governmental agencies. From FDR’s New Deal to the present, the federal government has continued to grow, assume an active role in the daily lives of citizens, and to cost more in the form of taxes, and to spend more on domestic and foreign affairs. Many politicians, economists, and students of government did not favor such increases.

Answer 3

The Great Depression was a worldwide economic disaster. In the US, the initial results were that hundreds of millions of dollars were lost when the New York Stock Exchange crashed. The results were horrifying. Businesses had to be closed, millions of Americans lost their jobs, and there was great despair in America. One positive result was that laws to help Americans were passed, such as social security. The government tried to intervene in the depression, however, economists then and now believe the laws that US President Franklin D. Roosevelt prolonged the depression.

Answer 4

the great depression refers to an economic downturn in the world economy. :p

Answer 5

well famil.ies get affected by unemployed and rices of neccesry things like food