The chart provided displays the economic impact of the Great Depression between 1929 and 1932 in the United States, Britain, and Germany, focusing on industrial production, foreign trade, and unemployment.
Based on the data in the chart:
- In the US, industrial production declined by 46% and unemployment rose by 607%.
- In Britain, industrial production declined by 23% and unemployment increased by 129%.
- In Germany, industrial production declined by 41% and unemployment rose by 232%.
We are asked to find the most likely conclusion about the relationship between industrial production and unemployment.
The significant points to note include:
1. The largest drop in industrial production and the massive rise in unemployment in all three countries indicate an inverse relationship between industrial production and unemployment – as industrial production decreases, unemployment increases.
2. The chart clearly shows that significant declines in industrial production are complemented by substantial rises in unemployment rates across all countries.
The correct conclusion that can be drawn from this data is:
Declines in industrial production are tied to a rise in unemployment.
Hence, the correct answer is:
Declines in industrial production are tied to a rise in unemployment.
