US Unemployment 1910-1960 by Lawrencekhoo (CC0)Which of the following arguments BEST supports the sudden drop in unemployment after 1940?Elimination ToolSelect one answerAThe effectiveness of New Deal programs to provide economic relief and reform during the Great Depression.BThe ability of labor unions to negotiate better wages for American workers.CThe mass mobilization of American society to supply men and material for the Second World War.DThe success of radical socialist groups in reorganizing the economic and social order within the United States.Skip For NowSubmit answerCopyright 2024 Learn By Doing, Inc.

In which year was the depression that served to eliminate many employer - financed servicesQuestion 1Answera.1960b.1914c.1930d.1920

The Great Depression lasted from 1929-1945, and was the most prolonged and severe economic depression in American history. As the effects of the Depression spread across the US economy, millions of people lost their jobs. By 1930 there were 4.3 million unemployed; by 1931, 8 million; and in 1932 the number had risen to 12 million. By early 1933, almost 13 million were out of work and the unemployment rate stood at an astonishing 25%. Those who managed to retain their jobs often took pay cuts of a third or more. Unemployed Americans filled long breadlines, begged for food, or sold apples on street corners. A Chicago social worker wrote “We saw Want and Despair walking the streets, and our friends, sensible, thrifty families, reduced to poverty.” More than a third of the nation’s banks failed in the three years following 1929 because they had no cash. Long lines of desperate people outside banks hoping to retrieve their savings were common. Many ordinary citizens lost their life savings when banks failed. Thousands were evicted from their homes and lived on the streets, begging for food and work.Farmers were hit particularly hard by the crisis. Farmland across the Midwest, once seen as part of the American Dream during Westward Expansion, had been over-farmed to produce record numbers of crops. Lacking nutrients, the soil became dry, dusty, and unusable, and too many crops on the market meant prices drastically fell. On top of falling prices for crops, a devastating drought coupled with wind storms in Oklahoma, Texas, and Kansas brought on a series of dust storms known as the Dust Bowl. In the South, sharecroppers—both white and black—endured crushing poverty and almost unimaginable degradation. African Americans suffered significantly higher levels of unemployment than whites due to pervasive racism. Farmers and their families became migrant workers, wandering the country and “riding the rails” (trains) in search of food, housing, and work, with many traveling west to California.The financial crisis was not limited to the United States. Countries in Europe and around the world experienced the depression. Hitler’s rise to power in Germany was fueled in part by the economic slowdown, and throughout the 1930s international tensions increased as the global economy declined.QUESTION 310 pointsDescribe one impact of the Great Depression that was especially interesting to you and explain why.

The collapse of the United States' economy caused all of the following problems in other countries EXCEPT: aFinancial panic bIncreased employment cDeclining economy dRising unemployment

The "Great Compression" refers to which aspect of the American economy since World War II?Group of answer choicesThe economic boom from the late 1940s to the early 1970sThe cycle of recessions from the early 1970s to the early 1990sThe economic boom from the 1990s to 2007The massive economic recession of 2008 that led to double-digit unemployment

in the 1960’s in the U.S. the unemployment rate was associated withGroup of answer choicesa steady decline in inflation ratea constant state in inflation rateno change in inflation ratea steady increase in inflation rate