Answer:
The country that saw the highest unemployment in the 1930s was the United States.
Explanation:
During the 1930s, the United States experienced the Great Depression, which was a severe economic downturn that lasted for about a decade. Several factors contributed to the high unemployment rates during this period:
1. **Stock Market Crash:** The stock market crash of 1929 marked the beginning of the Great Depression. It led to a massive loss of wealth for investors and businesses, triggering a cascade of economic problems.
2. **Bank Failures:** Many banks failed during the early 1930s due to a combination of factors, including the stock market crash, bad loans, and a lack of confidence in the banking system. This led to a contraction in the money supply and made it difficult for businesses to access credit.
3. **Reduction in Consumer Spending:** As people lost their jobs or saw their incomes decline, consumer spending plummeted. This reduction in demand for goods and services further worsened the economic downturn.
4. **Reduction in Investment:** Businesses cut back on investment due to weak consumer demand and uncertainty about the future. This led to layoffs and increased unemployment.
5. **Government Policies:** Initially, government policies exacerbated the economic situation. For example, the Smoot-Hawley Tariff Act of 1930 raised tariffs on imported goods, leading to retaliatory measures by other countries and a decline in international trade.
6. **Global Economic Crisis:** The Great Depression was not limited to the United States but affected many countries worldwide. This global economic crisis reduced demand for exports, contributing to unemployment in various nations.
Overall, a combination of factors, including financial instability, reduced consumer spending, and global economic turmoil, led to the United States experiencing some of the highest unemployment rates during the 1930s.
SO IT WAS THE U.S BECAUSE OF THE GREAT DEPRESSION!!!
