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The Great Depression led to high unemployment as many companies?
Wiki User
∙ 9y ago
instituted production cutbacks, which led to major layoffs
Ladarius Brekke
Wiki User
∙ 9y agoThe Great Depression was an economic depression that preceded World War II. It led to high unemployment since many companies instituted production cutbacks. This in turn led to employee layoffs.
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How did the Great Depression affect the lives of urban and rural Americans?
The Great depression effected Urban and rural communities because the prices got raised, unemployment, droughts and high taxes. Most countries in the world got effected by The Great Depression, but Japan Did not get effected strongly. The Great Depression lasted about ten years. My Grandpa was in the great depression, and yours too! (Unless your Grandpa is thirty-years old!)
What happened in Mississippi in 1933?
The Great Depression happened in 1933 in Mississippi. Unemployment was at an all time high. Jobs were non existent. Banks failed daily. Families lost their homes and businesses because they could not pay their property taxes.
History of liberty lobby coins?
In 1980 Liberty Lobby, a conservitive organization, decided to mint silver coins for their members. This was the year that high inflation and high unemployment caused many people to speculate that a second great depression was inevitable. In 1983 a Liberty Lobby Silver Eagle, one troy once of .999 fine silver, sold for $13.00. These purchased coins came with a guarrantee of a $9.00 redemption buy back if returned in mint condition regardless of the price spot silver.
How did increased individual debt among Americans contribute to great depression?
Answer this question… Consumers with high levels of debt could not pay their bills if they were unemployed for even a short time.
What was the American dream for middle class in the 1960's?
The american dream in the 1930s was stability, employment, and the ability to feed your family. The 1930s were the heart of the Great Depression. Unemployment was over 15% for most of the decade, and reached as high as 20%. Further, the Dust Bowl drove many people out of farming in the midwest, making them homeless as well as unemployed. The prosperity of the 20s was a memory, and people were hungry, beat, and hopeless. Alternatively, the American Dream is the number 1 single sung by the legend Susan Boyle.
What is considered high unemployment?
About 25% which was about the same as the Great Depression.
Why did the The Great Depression led to high unemployment for many companies?
The unemployment rates were so high during 1931-1935 because barely any one had jobs due to the fact that businesses were closing because their stocks were worth nothing since the banks went bankrupt.
What is a economic depression and when did it last happen?
October 29, 1929 The Great Depression began it meant the decline in work and high unemployment at the time
Social problems brough on by the Great Depression?
Social Problems during the Great Depression, defined as the greatest period of low economic activity and high unemployment in American history.
The Great Depression led to high unemployment as many companies did what?
they moved to California hoping to find some money.
What is the difference between a recession and depression?
a depression is a particularly deep recession with high levels of unemployment
How high did the employment rate get during the Great Depression?
During the Great Depression, unemployment in the United States reached 25 percent. In some countries it reached 33 percent. The depression began in 1930.
How was the appearance of bread line related to rising unemployment?
Bread lines offered free food to struggling families during the Great Depression. This was a time of high unemployment.
What areas did the Great Depression affect?
All of the United States, one specific area was Tennessee, the unemployment rate there was extremely high.
How did the Great Depression affect the lives of urban and rural Americans?
The Great depression effected Urban and rural communities because the prices got raised, unemployment, droughts and high taxes. Most countries in the world got effected by The Great Depression, but Japan Did not get effected strongly. The Great Depression lasted about ten years. My Grandpa was in the great depression, and yours too! (Unless your Grandpa is thirty-years old!)
How might a micro historian and a comparative historian use different methods to study great depression?
A microhistorian might document one day in a town that experienced particularly high unemployment levels, while a comparative historian might graph several cities’ unemployment levels throughout the Great Depression.
Major events of the 1920s?
Probably the biggest event was in 1929, when the Great Depression and Stock Market Crash occured. The Great Depression was one of the worst recession in US hitory. There was high unemployment and people had no money in their bank accounts.
