Submitted by acpwr21 on April 18, 2008

• Category: Business
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Great Depression

The Great Depression The Great Depression took place from 1930 to 1939. During this time the prices of stock fell 40%. 9,000 banks went out of business and 9 million savings accounts were wiped out. 86,000 businesses failed, and wages were decreased by an average of 60%. The unemployment rate went from 9% all the way to 25%, about 15 million jobless people. Economic Indicators of the Great Depression Indicator 1928 1929 1930 1931 1932 1933 Unemployment (in millions) 2.0 1.6 4.3 8.0 12.1 12.8 Average weekly earmings for production workers (constant $) $27.00 $28.55 $25.84 $22.62 $17.05 $17.71 Bank suspensions because of financial difficulties 499 659 1,352 2,294 1,456 4,004 Federal...

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