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from | Encarta |  |
Unemployment Lines, 1930s |
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| A severe decline in the business cycle, a depression, is characterized by reduced output and high unemployment. During the Great Depression of the 1930s, the worst economic downturn in the history of the United States, hundreds of thousands of Americans lost their jobs, businesses failed, and financial institutions collapsed. This picture shows an unemployment line in New York. Of the 6,000 people hoping to get jobs on this day, 135 were hired. | ||||||
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| UPI/THE BETTMANN ARCHIVE | ||||||
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| Appears in these articles: | ||||||
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| United States (History); Unemployment; United States (People); Business Cycle; United States (Economy) | ||||||
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