UNEMPLOYMENT:

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Unemployment rate is a massive ECONOMIC FACTOR. Many people are spending money and not using it wisely so it then become a problem. When a company loses a chain of jobs it also affects the prices which then leads to a crash of the company. GDP stands for Gross Domestic Product. The GDP is used to see on a yearly basis how much someone spends. The economy uses it as a factor of seeing how well we do economically. by looking at the average GDP per capita.

Thursday October 24 1929 was the Wall Street Crash of 1929. The stock market crashed in the United States. Many people lost their jobs and it let to a massive depression. Many people with job, had lost their jobs and all the big companies were losing money. Which led to UNEMPLOYMENT.


April 2, 2008 might be considered the new GREAT DEPRESSION. This Great Depression is caused by gas prices and food items
. This problem can become just as bad and 1929.