-
Unemployment Rate Sky Rockets
Inflation- -2.3
Household Income Nominal- About 15,000
GDP- About 15,000
Unemployment Rate- 8.7%
30 Year Mortage Rate- 6% down to 5% -
Period: to
The Great Depression
The Great Depression (1930-39) was the deepest and longest-lasting economic downturn in the history of the Western industrialized world. In the United States, the Great Depression began soon after the stock market crash of October 1930, which sent Wall Street into a panic and wiped out millions of investors. Over the next several years, consumer spending and investment dropped, causing steep declines in industrial output and rising levels of unemployment as failing companies laid off workers. By -
Immediate Payment
Inflation- -9.0
Household Income Nominal- About 15,000
GDP- 0.90 trillion
Unemployment Rate- 15.9%
30 Year Mortage Rate- 6% down to 5% -
Unemployment March
Inflation- -9.9
Household Income Nominal- About 15,000
GDP- 0.79 trillion
Unemployment Rate- 23.6%
30 Year Mortage Rate- 6% down to 5% -
The Civil Works Administraion
Inflation- -5.1%
Household Income Nominal- About 15,000
GDP- 0.78 trillion
Unemployment Rate- 24.9%
30 Year Mortage Rate- 6% down to 5% -
Securities Exchange Act
Inflation- 3.1
Household Income Nominal- About 15,000
GDP- 0.86 trillion
Unemployment Rate- 21.7%
30 Year Mortage Rate- 6% down to 5% -
FDR Signs Legislation
Inflation- 2.2
Household Income Nominal- About 15,000
GDP- 0.94 trillion
Unemployment Rate- 20.1%
30 Year Mortage Rate- 6% down to 5% -
Governor Alfred M. Landon, FDR is Elected
Inflation- 1.5
Household Income Nominal- About 15,000
GDP- 1.06 trillion
Unemployment Rate- 16.9%
30 Year Mortage Rate- 6% down to 5% -
"Roosevelt recession"
Inflation- 3.6
Household Income Nominal- About 15,000
GDP- 1.11 trillion
Unemployment Rate- 14.3%
30 Year Mortage Rate- 6% down to 5% -
Unemployment Remains High
Inflation- -2.1
Household Income Nominal- About 15,000
GDP- 1.08 trillion
Unemployment Rate- 19.0%
30 Year Mortage Rate- 6% down to 5% -
The Beginning of World War 2
Inflation- -1.4
Household Income Nominal- About 15,000
GDP- 1.16 trillion
Unemployment Rate- 17.2%
30 Year Mortage Rate- 6% down to 5%