The Great Depression of the 1930s

In many if not most histories of the United States the stock market crash in 1929 is presented as the cause of the Great Depression of the 1930s with its massive unemployment. In fact unemployment never reached double digits in any of the 12 months that followed thestock market crash in October 1929. Unemployment peaked at 9% two months after the crash and began an irregular decline that brought it down to 6.3% in June 1930 when a massive increase in tariffs was passed despite widely publicized warnings for more than a thousand economists that this would make matters worse. Five months after the smooth I'm sorry the smooth holly tariff bill was passed unemployment hit double digits and remained in double digits for every subsequent month during

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