A. Provide a range or estimated number of farms lost, acknowledging potential limitations in the data. Example: "Between 1929 and 1939, an estimated 750,000 to 1 million family farms were lost through foreclosure or bankruptcy in the United States."
B. Provide the unemployment rate percentage for your chosen year and the estimated number of unemployed people. Example: "In 1933, the United States unemployment rate reached a peak of 25%, corresponding to roughly 15 million unemployed workers."
C. An economic boom is a period of prosperity and expansion, characterized by rising production, employment, and investment. It stands in stark contrast to the economic decline and hardship experienced during the Great Depression.
A.
Identify a timeframe: The Great Depression wasn't confined to a single year. Specify which years you want to consider (e.g., 1929-1939).
Research relevant statistics: Sources like the United States Department of Agriculture (USDA) or historical census data can provide information on farm loss during the selected period. Look for data on farm foreclosures, bankruptcies, and changes in the number of operating farms.
Analyze and interpret data: Calculate the difference in farm numbers between your chosen start and end date. This will give you a rough estimate of farm losses. Consider factors like population growth and natural disasters that might influence data.
B.
Choose a specific year: Unemployment varied throughout the Depression. Pick a year that interests you (e.g., 1933, often considered the peak of unemployment).
Find historical unemployment data: The Bureau of Labor Statistics (BLS) provides historical unemployment rates. Look for data specific to your chosen year.
Interpret the data: The BLS data gives unemployment as a percentage of the workforce. Multiply this percentage by the total workforce number for that year to estimate the absolute number of unemployed people.
C.
Defining Economic Boom: An economic boom is a period of sustained economic growth characterized by:
Rising levels of production: Increased output of goods and services.
Booming employment: Low unemployment rates and job creation.
Increased investment: Businesses and individuals investing in the economy, fueling further growth.
Question
gateway pages 227-231 questions
A. THE HUMAN EXPERIENCE OF THE DEPRESSION How many farmers lost their farms during the depression?
B. How much of the work force was unemployed?
C. THE CAUSES OF THE GREAT DEPRESSION. Define: Economic Boom