Putting the Great Depression in perspective

Published May 15, 2020

By ARNOLD KOCH

(Courtesy photo)

MELROSE — In April, the U.S. unemployment rate jumped to 14.7 percent, the highest level since the Great Depression. Back then, the stock market crashed on Black Tuesday, October 29, 1929. In days, nearly $30 billion was lost. By 1930, businesses were closing, jobs were scarce, and banks,

 

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