Get reliable answers to your questions at Westonci.ca, where our knowledgeable community is always ready to help. Connect with a community of experts ready to provide precise solutions to your questions on our user-friendly Q&A platform. Explore comprehensive solutions to your questions from a wide range of professionals on our user-friendly platform.
Sagot :
As soon as the stock market crashed, unemployment peaked and nearly 30% of the workforce became unemployed.
What happened when the stock market crashed in 1929?
The collapse of the stock market in October 1929 brought the economic boom of the 1920s to a symbolic end.
The Great Recession was a global economic meltdown that marked the rise in unemployment in the United States, nearly halted production and industrialization, and an 89 percent decline in stock prices.
Thus, the statement that is true is as soon as the stock market crashed, unemployment peaked and nearly 30% of the workforce became unemployed.
To learn more about stock market crash refer:
https://brainly.com/question/2666578
#SPJ1
The true statement on the basis of the given graph is unemployment peaked as soon as the stock market crashed.
What was the stock market crisis of 1929?
In the year 1929, the stock market crashed which resulted in an economic boom of the year the 1920s.
During the times of the Great Recession, the unemployment increased in the country US, the production processes and industrialization got stopped and the stock prices were fall down by 89%. Around 30% of the people became unemployed.
Therefore, the crashing of the stock market increase unemployment which is the true statement based on the given graph.
Learn more about the stock market crisis in the related link:
https://brainly.com/question/12888118
#SPJ1
Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.