Josseline Chacon Santamaria - Great Depression Statistics.pdf

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Great Depression StatisticsObjectiveWhat can we learn about the economy and the Great Depression from examining economicstatistics?Directions:Review the chart below, using the definitions below the chart to help you interpret the data. Whenyou are done, answer the analysis questions for each column of data.YearNumber of BankSuspensionsUnemploymentRatePer Capita PersonalIncomeReal GDP (inmillions of dollars)19296593.2%$698$951.7193013528.9%$619$862.11931229416.3%$526$788.81932145624.1%$399$682.91933400425.2%$372$668.9Bank SuspensionsIncludes all banks closed to the public, either temporarily or permanently, by supervising authorities or by the bank’sboards of directors because the bank is having financial difficulties.1. Between what years did the number of bank suspensions increase the most?
2. When a bank was suspended, the deposits of customers were lost. From 1929 to 1933, 15% of all savingswere lost. As the number of bank suspensions rose, do you think American citizens had faith in the banks?What might they do with any remaining bank deposits? Why?
Unemployment RateThe unemployment rate is the percentage of the labor force that is willing and able to work, does not currently have

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