answersLogoWhite

0


Best Answer

The unemployment rates were so high during 1931-1935 because barely any one had jobs due to the fact that businesses were closing because their stocks were worth nothing since the banks went bankrupt.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why did the The Great Depression led to high unemployment for many companies?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

The Great Depression led to high unemployment as many companies?

instituted production cutbacks, which led to major layoffs


What is considered high unemployment?

About 25% which was about the same as the Great Depression.


What is a economic depression and when did it last happen?

October 29, 1929 The Great Depression began it meant the decline in work and high unemployment at the time


Social problems brough on by the Great Depression?

Social Problems during the Great Depression, defined as the greatest period of low economic activity and high unemployment in American history.


The Great Depression led to high unemployment as many companies did what?

they moved to California hoping to find some money.


What is the difference between a recession and depression?

a depression is a particularly deep recession with high levels of unemployment


How high did the employment rate get during the Great Depression?

During the Great Depression, unemployment in the United States reached 25 percent. In some countries it reached 33 percent. The depression began in 1930.


How was the appearance of bread line related to rising unemployment?

Bread lines offered free food to struggling families during the Great Depression. This was a time of high unemployment.


What areas did the Great Depression affect?

All of the United States, one specific area was Tennessee, the unemployment rate there was extremely high.


How did the Great Depression affect the lives of urban and rural Americans?

The Great depression effected Urban and rural communities because the prices got raised, unemployment, droughts and high taxes. Most countries in the world got effected by The Great Depression, but Japan Did not get effected strongly. The Great Depression lasted about ten years. My Grandpa was in the great depression, and yours too! (Unless your Grandpa is thirty-years old!)


How might a micro historian and a comparative historian use different methods to study great depression?

A microhistorian might document one day in a town that experienced particularly high unemployment levels, while a comparative historian might graph several cities’ unemployment levels throughout the Great Depression.


Major events of the 1920s?

Probably the biggest event was in 1929, when the Great Depression and Stock Market Crash occured. The Great Depression was one of the worst recession in US hitory. There was high unemployment and people had no money in their bank accounts.