Asked by Alisson Fortis on Sep 28, 2024
Verified
Following the crash of 1929,approximately ________ of the workforce immediately
Became unemployed.
A) 5 percent
B) 20 percent
C) 40 percent
D) 60 percent
Workforce
The total number of people employed or available for employment or work in a country, organization, or specific industry.
Crash Of 1929
The severe plunge in stock market prices that initiated the Great Depression, beginning in late October 1929.
- Understand the evolution of the welfare system in the United States over time.
Verified Answer
KS
Katoucha Soifils2 days ago
Final Answer :
B
Explanation :
Following the crash of 1929, the unemployment rate did not immediately jump to its peak. It gradually increased, reaching about 25% at its highest point in 1933. However, immediately after the crash, the unemployment rate was not as high as 20%, but this option is the closest to the initial impact compared to the other options provided.
Learning Objectives
- Understand the evolution of the welfare system in the United States over time.
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