What happened to the US unemployment rate in the early 1930s? It rose rapidly as farms and businesses closed. It shrank quickly

Question

3 years ago

12

What happened to the US unemployment rate in the early 1930s? It rose rapidly as farms and businesses closed. It shrank quickly

as farms and businesses grew. It went up and down because of the Dust Bowl. It rose and fell quickly based on housing costs.

History

2 answers:

cluponka [151] · Answer 1 · 2022-02-22T10:44:21+03:00

cluponka [151]3 years ago

8 0

Answer:It rose rapidly as farms and businesses closed

Explanation:

sveta [45] · Answer 2 · 2022-02-22T09:24:12+03:00

The correct answer is: " It rose rapidly as farms and businesses closed"

One of the most destructive factors that affected the US economy during the Great Depression, apart from the financial crash in 1929, was the shortage of the demand. Prices plunged due to the excess of supply in goods and services markets and, as firms and farms went bankrupt, many people lost their jobs and their availability of income from wages, so there was an even further extraordinary contraction in the demand side.