Essay on The Rise Of The Great Depression

1332 Words Oct 29th, 2015 6 Pages
Unemployment has been an ongoing problem even before the Great Depression, it just wasn’t officially tracked until the Great Depression came about. Unemployment can be tough on an individual or a family, for they don’t know how they can provide for their family. While the government tries to help with unemployment, it is still there and present. Unemployment has not only affected an individual, but as a whole to the U.S.
The U.S government hasn’t officially started tracking unemployment until the 1950s, but it was around way before that. The Great Depression is of the early 1930s, when the unemployment rate was 23.6 percent this was the highest in modern times. The country’s lowest rate was 1.2 percent, this came in 1944 when millions of men were in wartime in World War II and the economy was in overdrive. World War II brought the U.S out of the Great Depression and brought along millions of jobs. The lowest post-war rate was 2.9 percent in 1953. The United States have experienced 11 recessions since the 1948, the end of the postwar period. The unemployment rate reached a peak of 10.8 percent in the early 1980s, falling to 5.3 percent by the end of President Ronald Reagan’s second term (Krulick, Al). It rose to 7.5 percent in 1992, under George H.W. Bush, and hovered between 4 and 6 percent during the Bill Clinton and George W. Bush presidencies. The Great Recession pushed it above 10 percent for the second time in decades (Krulick, Al). It stayed above 8 percent until…

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