There are two things you should take care of before opening a Roth IRA: 1  Tuck away at least $1,000 in a savings account for emergencies. 2  Pay off your credit card debt. At the very least, make a significant dent in your debt and have a plan for its elimination.
David O. Whitten, Auburn University. The Depression of 1893 was one of the worst in American history with the unemployment rate exceeding ten percent for half a decade.
Unemployment had such a devastating effect during the Great Depression because the social programs that exist today were not available. There was no unemployment insurance to provide benefits to those people who were without work.ecord high unemployment during the Great Depression continued until after start of the Second World War in 1939. In the United States, unemployment rates didn't drop below 10 percent until after that country entered the War in December of 1941, after the attack on Pearl Harbor.