The Great Depression-peaked between 1932 and 1933
-the term "skid row" came about during the depression -the stock market didn't return to pre-depression levels until 1954 -6 of the 8 major New Deal initiatives were found to be unconstitutional by the U.S. Supreme Court. -doctors earned $61 per week |
Recession-the national unemployment rate was 5%
-at the end of the recession, it was 9.5% -by the end of the recession, the U.S. unemployment rate was higher than the rates in most other industrialized countries -it had been at or below that rate for the previous 30 months -North Dakota, Nebraska, and South Dakota had the lowest unemployment rates among the 50 states (5.2% or lower) |