the great depression

Question: What was the economy like during the great depression?

Answer: The Great Depression was a time of total economic meltdown. The stock market fell 89%, unemployment was at 24.9%, nearly 3 times the unemployment rate in the US during the height of the financial crisis.

To add to it because of the The McFadden Act of 1927 which limited how big a bank can grow the majority of banks were unable to sustain themselves and 9,000 went out of business.

It was not until World War 2 when the US started to employ more jobs for war time operations did we actually recover.

To learn more about the great depression visit these pages

What Caused The Great Depression

Facts About The Great Depression

Great Depression Graph

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