Unemployment

accomplished sending a man into space and successfully landing him on the moon. America also was the first country to access nuclear weapons. As men came back home from World War 2 in 1945, the birth rate started to escalate from 18.6% to 23%. Though the unemployment rate had decreased by 4%, the high school graduations rates increased from 30% to 50% and the college graduation rate went up from 5% to 15%, making it easier for people to get jobs that had now required a college degree. It is told…

The Great Depression began on October 29, 1929 and was the worst economic depression in the history of the US. One cause of the depression was concerning the industry. Unemployment rates began to increase when new advancements in technology led to everyday workers being laid off. For example, railroad workers began to lose their jobs because trains were beaten by automobiles. Another cause was due to the overproduction of crops caused farmers to drop prices. This led to farmers losing their…

Stephen Tate Econ 200 Current Event: The Economic Crisis in Venezuela The economic situation in Venezuela is truly parlous. The country with a population of roughly thirty-one million people is having mass shortages of food, and common necessities such as toilet paper. Yet the reason for this economic crisis is years in the making, and has to deal with very much the political system adopted within the country. According to The Guardian and writer Julian Borger the oil rich country is facing a…

The Great Depression and the Recession of 2008 are infamous events that many Americans know well. Both are seen as terrible times for the economy for good reason; they are well known for the suffering they caused for an extended period of time. However, they have more in common than many realize; the Recession of 2008 was saved from further chaos by reviewing the past and building on previous mistakes. The Great Depression was the worst economic crisis in the history of America. It began…

The outsourcing of American jobs has contributed to the substantial unemployment rate and financial instability facing American workers, effecting the security and economy of our country. Outsourcing is where a company will send specific jobs to be performed by people in another country. American companies are taking advantage of the cheap and uninsured labor by sending the jobs overseas, which is causing a spike in unemployment rates in our American economy. Outsourcing of jobs in the…

The Great Depression is one of America's Worst moments in history it caused Poverty, Homelessness, unemployment ETC. The great depression started in 1929 while President Herbert Hoover was in a term. Through the next few years, the economic crisis worsened and only kept taking turns for the worse. President Hoover did not help at all in the rough months until the near end of his term he practically threw 2 billion dollars to the banks to try to re-stabilize the banks and economy but the problem…

opponents argue further economic and social complications could arise. Even though both sides of the argument can be justified, it appears an increase in the minimum wage will do more harm than good for the economy. Poverty, inflation and unemployment are three major aspects associated with minimum wage. Both sides of the minimum wage debate have evaluated the impact raising the minimum wage would have on these specific elements of the…

an economy.” (Jahan, Mahmud, & Papageorgiou, 2014). When people spend less, firms produce less, and the market is affected because many people won’t have anything to do, which lead to firms letting some of their employees go, which would lead to unemployment. Keynes believed that supply is linked to demand, in a way that demand creates its own supply and that supply will always adjust to demand. (Vjyaser, 2013). If there is an inadequate demand, this might lead…

has a 4.4% rate of unemployment. The Congressional Budget Office had projected that if the federal minimum wage increased from $7.25 to $10.10 that would result in 500,000 jobs lost or even 1 million jobs. In 2014, Steve H. Hanke, PhD, Professor of Applied Economics at Johns Hopkins University, surveyed the 21 European Union (EU) countries that have a minimum wage. They found an average unemployment rate of 11.8%; which is about a third higher than the 7.9% average unemployment rate in the seven…

The SS program guaranteed pensions to millions of Americans, set up a system of unemployment insurance and stated that the federal government would help care for dependent children and the disabled. The largest and probably most ambitious New Deal Agency created was the Works Progress Administration (WPA) created by Harry Hopkins which…