What happened to the unemployment rate after the stock market crash in 1929

2 answers:

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The depression originated in the United States, after a fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday). Between 1929 and 1932, worldwide GDP fell by an estimated 15%. By comparison, worldwide GDP fell by less than 1% from 2008 to 2009 during the Great Recession. Some economies started to recover by the mid-1930s. However, in many countries, the negative effects of the Great Depression lasted until the beginning of World War II.

nata0808 [166]3 years ago

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Answer:

What happened to the unemployment rate after the stock market crash in 1929

Explanation:

What happened with the unemployment rate to the fall of the Stock Exchange in 1929, was that it increased.

They fell: National income, tax revenues, corporate profits and prices. International trade declined, and unemployment increased.

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