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Great Depression vs. Great Recession. By: Sean Pastorok Mr. Fischer Period 3. Great Depression. Great Depression. Unemployment rate was at about 25 % 9,096 Banks went out of business – 50 % Payment rate went down about 25%
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Great Depression vs. Great Recession By: Sean Pastorok Mr. Fischer Period 3
Great Depression • Unemployment rate was at about 25% • 9,096 Banks went out of business – 50% • Payment rate went down about 25% • Ex. Current Pay $12 • Great Depression Pay $9 • What did the states do? • Raised Taxes during the Great Depression and cut spending amounts
Great Depression • Economic Decline -26.5% • Immigration Rate mainly came from Asia, Mexico, and Europe • Increase in Money Supply - about 17% • People that were successful were the radio, automobiles, and electrical companies
Great Recession • Unemployment Rate was about - 8.5% • 57 Banks were/are out of business - 0.6%