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Unemployment was a problem everywhere, but it was less severe among women than men, among workers in non-durable industries (such as food and clothing), in services and sales, and in government jobs. A sharp educational gradient meant that the less skilled inner city men had much higher unemployment rates than the high-school and college ...
The Great Depression was a severe global economic downturn from 1929 to 1939. The period was characterized by high rates of unemployment and poverty; drastic reductions in liquidity, industrial production, and trade; and widespread bank and business failures
The most widely accepted estimates of unemployment rates for the Great Depression are those by Stanley Lebergott from the 1950s. He estimated that unemployment reached 24.9 percent in the worst days of 1933. Another commonly cited estimate is by Michael Darby in 1976. He put the unemployment rate at a peak of 22.5 percent in 1932. [21]
US annual inflation rate is −6.4%. Unemployment reaches 9%. 1,350 banks fail. April 17: Dow reaches a secondary closing peak (i.e., bear market rally) of 294.07, followed by a long stagnation until a severe decline began in April 1931. This peak matches early-1929 levels, but is 30% below the September 1929 peak.
Texas quickly became one of the leading oil-producing states in the U.S., along with Oklahoma and California; soon the nation overtook the Russian Empire as the top producer of petroleum. By 1940 Texas had come to dominate U.S. production. Some historians even define the beginning of the world's Oil Age as the beginning of this era in Texas. [1]
Analysis. Worst time period: 1930-33 During this period, the stock market continued its downward slump, with the S&P 500 dropping a total of 86.1% from September 1929 to June 1932.
For nearly two years, Texas has led the country in job growth, most recently adding more than 400,000 new jobs between August 2022 and 2023, according to a Department of Labor Statistics report ...
6/US 75 to Texas City; extended to Dayton in 1932 and to Cleveland two months later (which would delete 132), but this extension was dropped due to a lack of funding (restored as 321 in 1939) and instead extended to Livingston over 132; rerouted around Liberty in 1967; extended to IH 45 in 1984; rerouted in Baytown over Loop 201 in 1996 (old ...