Question

What caused much of the rising unemployment levels in industry and agriculture of the 1920

O
а
b
taxation
low wages
overproduction
the stock market
d

Answer 1

Frictional unemployment This is unemployment caused by the time people take to move between jobs, e.g. graduates or people changing jobs. There will always be some frictional unemployment in an economy because the information isn’t perfect and it takes time to find work. 2. Structural unemployment: political and sociological ideologies, bank, buissneess to borow money, STOCK MARKET!

Step-by-step explanation:

Aside from the economic recession of 1920-21, when by some estimates unemployment rose to 11.7%, for the most part, unemployment in the 1920s never rose above the natural rate of around 4%. 1 Per-capita GDP rose from $6,460 to $8,016 per person, but this prosperity was not distributed evenly.