4 years ago

What happened to the unemployment rate after the stock market crashed in 1929?

1 answer:

8 0

Answer:

The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America's banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce.

Explanation:

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