One such example is that of Germany in 1933 where the unemployment rate was 29.9% at its highest, yet by the beginning of the war was down to 0.8%. Germany was not the only nation that benefited from low unemployment in this period, for in that time the U.S. general unemployment rate was 20% and decreased to 1% by the end of the war...
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general unemployment rate was 20% and decreased to 1% by the end of the war. If we look closer at the time preceding World War II we can see that unemployment rates were high. The Great Depression led to an unrivaled economic crisis in America and Europe. The industrialized countries were affected and international trade declined very rapidly, while construction was halted in many nations, the crop prices fell by 40-60%...
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