Discover answers to your questions with Westonci.ca, the leading Q&A platform that connects you with knowledgeable experts. Ask your questions and receive precise answers from experienced professionals across different disciplines. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.
Sagot :
In the United States from 1929 to 1933, real GDP declined by 27 percent and the unemployment rate rose to 25 percent.
What was the Great Depression?
The Great Depression, which lasted from 1929 to 1939, was the worst economic downturn in the history of the industrialized world. It started after the 1929 stock market catastrophe, which paralyzed Wall Street and caused the loss of millions of investors.
Some causes of the Great Depression are:
- The stock market crash of 1929,
- The collapse of world trade due to the Smoot-Hawley Tariff,
- Government policies,
- Bank failures and panics,
- The collapse of the money supply.
Therefore, Between 1929 and 1933, the real GDP in the United States fell by 27%, while the unemployment rate increased to 25%.
To know more about the real GDP refer to: https://brainly.com/question/15171681
#SPJ4
Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Thank you for using Westonci.ca. Come back for more in-depth answers to all your queries.
