During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees. These programs were aimed at reducing which type of unemployment?

Question

Boston Keller

Business

20 July, 19:11

During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees. These programs were aimed at reducing which type of unemployment?

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Mustache · Answer 1

Cyclical unemployment

Explanation:

Cyclical unemployment is a result of the naturally occurring economic cycles. From time to time, the economy experiences moments of upturns and downturns. Downturns moments include recessions and depression. During economic downturns, the economic growth rate is very low or even negative resulting in cyclical unemployment.

Depression lasts longer and has more severe effects than a recession. Due to the decreased economic activities, the rate of unemployment increases as many people lose jobs due to low production and low consumption in the market.