Sunday, August 24, 2014

Another Great Depression?

Vedder and Gallaway follow unemployment month by month. The unemployment rate was 5% in November 1929, a month after the crash. It hit 9% in December, then trended downward to 6.3% in June 1930, 8 months after the crash.

http://easyopinions.blogspot.com/2008/12/what-caused-unemployment-in-great.html#Blog1

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