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While the 1920s grew at the very strong rate of 4.43% per year, the 1930s rate fell to only 0.63%. [150] The depression was relatively mild: unemployment peaked under 5%, the fall in production was at most 20% below the 1929 output; there was no banking crisis. [151]
The government did not calculate unemployment rates in the 1930s. 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.
In London and the south east of England unemployment was initially as high as 13.5%, [12] the later 1930s were a prosperous time in these areas, as a suburban house-building boom was fuelled by the low interest rates which followed the abolition of the gold standard, and as London's growing population buoyed the economy of the Home Counties.
Germany's gross national product (GNP) and GNP deflator, year on year change in percentages, from 1926 to 1939 [19] Development of GDP per capita, from 1930 to 1950. The Nazis came to power in the midst of the Great Depression. The unemployment rate at that point in time was close to 30%. [20]
The unemployment rate is included in a number of major economic indices including the US ... Estimated US unemployment rate since 1890; 1890–1930 data are from ...
The worldwide Great Depression of the early 1930s was a social and economic shock that left ... Urban unemployment nationwide was 19%; Toronto's rate was 17% ...
For instance, during the Great Depression, America experienced significant unemployment, leading to widespread poverty and hardship. For several months in 1933, the U.S. unemployment rate exceeded ...
Unemployment was the dominant issue of British society during the interwar years. [1] Unemployment levels rarely dipped below 1,000,000 and reached a peak of more than 3,000,000 in 1933, a figure which represented more than 20% of the working population. The unemployment rate was even higher in areas including South Wales and Liverpool. [1]