Question

HELP ASAP!! 100 points why was there mass unemployment in 1914 and why did the situation change by the summer of 1915?

Answer 1

Due to the fallout of WW1 there was a huge inflation of prices and wages along with the end of the war with the extra workers and such not needed plus all of the soldiers coming back caused a decline in employment as factories producing materials for the war effort no longer needed all the extra workers so they were fired the




The reason behind it clearing up by the summer of 1915 is due to all the factory workers that were out of a job found new jobs as other regular factories opened back up with the larger infatuation of people or military personnel coming back enabled more companies to open back up overtime which helped the unemployment numbers go back down as people flocked to the new jobs.

Answer 2

Explanation:

the Great Depression of the early 1930s had an unemployment rate of 23.6 percent – the highest in modern times. The country's lowest rate – 1.2 percent – came in 1944 when millions of men were in uniform and the wartime (World War II) economy was in overdrive.

Because of wartime demand for manufactured goods, the unemployment rate declined to 4.8 percent in 1916 and reached a low of 1.4 percent in 1918. However, the rate quickly jumped up to nearly 12 percent during the depression of 1920–21

by the summer of 1915 is due to all the factory workers that were out of a job found new jobs as other regular