12.4 E: Why were labor unions established?
12.4.1: What procedures do labor unions use to gain benefits for their members?
What has been the effect of labor unions on minimum wage and unemployment insurance?
12.4.2: Describe the current economic and labor market. Describe the economic and labor market from 6
months ago. What is the difference? What happened? Name three top products produced by the U. S..
What types of skills do workers need? What effect has rapid technological change had on workers and their
skills? What is the impact on the U. S. of technological competition?

During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt