Economic Depressions In The 1930's

319 Words2 Pages
cyclical unemployment and seasonal unemployment are also other forms. Cyclical unemployment results low demand for labor. When a business turns downward, demand for goods and services drops. therefore workers are laid off. the United States has experienced many economical depressions (Life, Liberty, and the Pursuit of Happiness). A long depression occurred in the 1890's, when unemployment reached about 18 percent, and four less severe depressions as well following it. The worst depression in US History was in the 1930's. At its height, one out of four workers was unemployed, and some remained without work for years. In industrialized countries unemployment insurance and other forms of income maintenance cause less hardship for workers. Measures

More about Economic Depressions In The 1930's

Open Document