Why Were There No Jobs During The Great Depression? It began after the stock market crash of October 1929, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and employment as failing companies laid off
How Do You Interpret The Unemployment Rate? The unemployment rate is the percent of the labor force that is jobless. It is a lagging indicator, meaning that it generally rises or falls in the wake of changing economic conditions, rather than anticipating them. How do you interpret employment rates? In other words, it is the
What Happened To Unemployment And Wages During The Great Depression Quizlet? What happened to unemployment and wages during the Great Depression? a. There were decreases in unemployment and decreases in wages. … There were large increases in unemployment and large decreases in wages. What are some pro union legislative acts that grew out of the