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instituted production cutbacks, which led to major layoffs
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EzraThe 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.
