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In Canada, Between 1929 and 1939, the gross national product dropped 40%, compared to 37% in the U.S. Unemployment reached 28% at the depth of the Depression in 1929 and 1930, [50] while wages bottomed out in 1933. [51]
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
Quarterly GDP growth turns positive by summer, but overall annual rate is −1.3% growth. Unemployment peaks at 25%. 2 million are homeless. Industrial production is half of what it was in 1929. US nominal GDP bottoms out at $57 billion (down from $105 billion in 1929)
The north east was a major centre of the shipbuilding industry. The Depression caused a collapse in demand for ships. Between 1929-32 ship production declined by 90%, and this in turn affected all the supply industries such as steel and coal. In some towns and cities in the north east, unemployment reached as high as 70%.
Worst time period: 1929-30. ... In 2006, unemployment was at 4.5%, but it soared to 9% by 2009. The S&P 500 was similarly volatile during this time. After peaking at 1565.15 on Oct. 9, 2007, the ...
The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
Unemployment rate in the US 1910–60, with the years of the Great Depression (1929–39) highlighted; accurate data begins in 1939, represented by a blue line ...
As a result, unemployment in Detroit skyrocketed, and the wages of those still working were slashed. In 1929, the average annual wage for auto workers was US$1,639 (equivalent to about $29,100 in 2023). By 1931, it had fallen 54% to $757 (equivalent to $15,200 in 2023). [2]