Quote:
Originally Posted by shahab6
not even close, do u even know what the unemployment was at that year. It was over 40%. Plus millions had lost their savings because of the collapse of the bank's. honestly most countries are doing worse financially than America. Russia is doing worse than America. they have a higher unemployment, higher inflation, there is a bigger gap the rich and the poor. And on top of that oil prices are dropping which was their main source of revenue
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Man, You guys gotta check your facts.
"the economy descended from essentially full employment in 1929 when the unemployment rate was 3.2 percent into massive unemployment in 1933 when the unemployment rate reached 25 percent"
Thanks for your input though.