“Although unemployment rose in the wake of the record-setting stock market crash of 1929, the unemployment rate peaked at 9 percent two months after the crash, and then began a trend generally downward, falling to 6.3 percent in June 1930. Unemployment never reached 10 percent for any of the 12 months following the stock market crash of 1929. But, after a series of major and unprecedented government interventions, the unemployment rate soared over 20 percent for 35 consecutive months.
— Basic Economics by #ThomasSowell