This section contains 376 words (approx. 1 page at 400 words per page) |
1930s: During the Great Depression unemployment reaches a high of 20% in 1935. In 1938, unemployment is at 19.1%, which means 10.39 million Americans are unemployed.
Today: In the mid- 1990s unemployment runs as low as 5%. With 66% of Americans in the labor force, a larger proportion of Americans are working than ever before. Yet the disparity between the wealthiest 10% and the poorest 10% of the population is greater in the United States than in any other industrialized country except Russia.
1930s: Starting in 1932, Franklin Delano Roosevelt's New Deal legislation combats the economic hardships of the Great Depression, introducing social security, acts creating jobs in the public sector, welfare, and unemployment benefits.
Today: Social Security funding is endangered and economists warn that the system could collapse in the near future. Congress passes a Welfare Reform Act in 1996 limiting lifetime benefits to five years and requiring all welfare recipients to participate either...
This section contains 376 words (approx. 1 page at 400 words per page) |