Saturday, November 22, 2008

So far, commentators on television and newspapers are only talking about 10% unemployment. During the Great Depression, the numbers were at three times that as the following (scary) chart shows


Chart from Encarta


After the stock market crash of 1929, unemployment in the United States soared, reaching nearly 25 percent in 1932. It remained high until World War II brought an economic recovery.

No comments:

Post a Comment