Which of the following statements is true based on this graph?
O The New Deal fixed the economic problems permanently.
O FDR in office brought the unemployment rate down before there was a New Deal program.
O World War II did not help us get out of the depression.
Unemployment peaked as soon as the stock market crashed.

Question

avavalerie avavalerie

03-05-2022
History

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Which of the following statements is true based on this graph?
O The New Deal fixed the economic problems permanently.
O FDR in office brought the unemployment rate down before there was a New Deal program.
O World War II did not help us get out of the depression.
Unemployment peaked as soon as the stock market crashed.

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suchetasVT suchetasVT · Answer 1 · 2022-05-13T08:05:21+02:00

As soon as the stock market crashed, unemployment peaked and nearly 30% of the workforce became unemployed.

What happened when the stock market crashed in 1929?

The collapse of the stock market in October 1929 brought the economic boom of the 1920s to a symbolic end.

The Great Recession was a global economic meltdown that marked the rise in unemployment in the United States, nearly halted production and industrialization, and an 89 percent decline in stock prices.

Thus, the statement that is true is as soon as the stock market crashed, unemployment peaked and nearly 30% of the workforce became unemployed.

To learn more about stock market crash refer:

https://brainly.com/question/2666578

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VidyaaTech2022 VidyaaTech2022 · Answer 2 · 2022-05-14T08:30:59+02:00

The true statement on the basis of the given graph is unemployment peaked as soon as the stock market crashed.

What was the stock market crisis of 1929?

In the year 1929, the stock market crashed which resulted in an economic boom of the year the 1920s.

During the times of the Great Recession, the unemployment increased in the country US, the production processes and industrialization got stopped and the stock prices were fall down by 89%. Around 30% of the people became unemployed.

Therefore, the crashing of the stock market increase unemployment which is the true statement based on the given graph.

Learn more about the stock market crisis in the related link:

https://brainly.com/question/12888118

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