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To put another way, the peak unemployment rate in the US during the Great Depression (and of all time) was 21% early in the Roosevelt administration. That mean
by TMWNN 5y ago
To put another way, the peak unemployment rate in the US during the Great Depression (and of all time) was 21% early in the Roosevelt administration.
That meant that 79% had a job. Yes, yes, that doesn't mean that all 79% could pay all their bills, etc. That does mean, though, that a large majority of Americans saw their paychecks go further in terms of lower food and housing costs.