It was not a coincidence that the global economy experienced the most severe case of unemployment during the worst economic crisis since the Great Depression. Unemployment is highly dependent on ...

A healthy unemployment rate in the US hovers between 3% to 5%. During the peak of the Great Depression, the unemployment rate peaked at 24.9% in 1933 — 12.8 million Americans out of a population ...

While most recessions are over in a few years, the Great Depression lasted for over a decade and saw massive unemployment and the destruction of wealth. It shaped a generation who grew up with ...

Bennett, the Conservative opposition leader, ran against Liberal Prime Minister William Lyon Mackenzie King during the 1930 ...

He introduced monetary stimulus programs designed to ease the Great Depression, including Social Security. Workers received unemployment benefits, farmers were given assistance for failed (or ...

Unemployed people lose income and experience ... Hoover had completely underestimated the length and the severity of the Great Depression. It wasn’t the normal cycle of ‘boom and bust ...

The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.