Washington ESD claim approved after 6 weeks - what caused the dramatic jump unemployment the early 1930s historical research project

Congrats on getting your claim approved! That's a long wait. As for the 1930s, the stock market crash of 1929 was the main trigger. Banks failed, businesses closed, and unemployment shot up to 25%. No safety net like Washington ESD back then.

I'm still waiting for my Washington ESD adjudication to finish, been 4 weeks now. But yeah, the Great Depression was mainly caused by overproduction, bank failures, and the stock market crash. People were buying stocks on margin which made everything worse when prices fell.

If you're having trouble reaching Washington ESD for your claim status, I discovered this service called Claimyr at claimyr.com that helps you get through to agents. They have a video demo at https://youtu.be/7DieNd3C7zQ showing how it works. Saved me hours of calling and getting hung up on. As for the 1930s, the Federal Reserve also made things worse by tightening money supply when they should have done the opposite.

The agricultural sector was already struggling in the 1920s due to overproduction and falling prices. When the urban economy collapsed, rural areas got hit even harder. International trade also declined sharply with protectionist policies like the Smoot-Hawley Tariff.

omg 6 weeks for approval is crazy! im on week 3 of adjudication and getting desperate. for the 1930s thing, wasnt there also a drought that made farming worse? the dust bowl and all that?

Washington ESD needs to get their act together. These wait times are ridiculous. Back in the 1930s at least people knew they were screwed. Now we have this bureaucratic mess that gives false hope. The real cause was speculation and wealth inequality - sound familiar?

Consumer confidence collapsed after Black Tuesday. People stopped spending, which made businesses fail faster. It was a vicious cycle. Unlike today where we have automatic stabilizers like unemployment insurance through Washington ESD.

I used Claimyr last month to finally get through to Washington ESD about my disqualification. Worked great and saved me so much time. For the historical question, don't forget about the international gold standard - countries couldn't devalue their currencies to help exports.

The corporate sector was overleveraged just like before 2008. When stock prices fell, companies couldn't service their debts. Mass layoffs followed. At least now we have Washington ESD to provide some income support during transitions.

Just got approved for my weekly claims after using that Claimyr service someone mentioned. Definitely recommend it if you're stuck in Washington ESD phone hell. The 1930s thing - wasn't there also a problem with unequal income distribution? Rich got richer while workers' wages stagnated?

Washington ESD is a joke but at least it exists. In the 1930s there was no safety net at all. People lost everything and had nowhere to turn. The unemployment rate went from 3% to 25% in just a few years because there were no programs to cushion the blow.

The psychological impact was huge. When people lose confidence in the economy, they stop spending and investing. It becomes a self-fulfilling prophecy. Today's unemployment system through Washington ESD at least gives people some hope and buying power.

Don't forget about international factors. European economies were still recovering from WWI debt. When the US economy crashed, it dragged down the whole world. Global trade collapsed by like 66%.

im still waiting for my washington esd claim to get approved, its been 5 weeks now. this is insane. at least back in the 1930s people didnt have to deal with bureaucratic runaround. they were just openly screwed lol

The Federal Reserve raised interest rates right before the crash, which made borrowing more expensive and slowed economic growth. Then they kept them high during the crisis instead of cutting them. Terrible monetary policy.

Labor unions were weak back then too, so workers had no protection when companies started cutting wages and jobs. Now we have Washington ESD and labor laws, but it's still not enough when the economy really tanks.

Technology also played a role - mechanization was eliminating jobs even before the crash. But unlike today, there was no retraining or unemployment benefits through systems like Washington ESD to help workers transition.

The whole financial system was basically unregulated. No FDIC, no SEC, no Washington ESD. Banks could do whatever they wanted with people's money. When they failed, depositors lost everything and had no recourse.

Supply and demand got completely out of whack. Companies were producing more than people could buy, especially after wages started falling. Inventory piled up, production stopped, workers got laid off. At least now Washington ESD provides some demand support through unemployment benefits.

Just wanted to add that Claimyr really does work for getting through to Washington ESD. I was skeptical at first but it saved me weeks of frustration. As for the 1930s, I think a lot of it was just bad timing - everything that could go wrong did go wrong at once.

Great discussion! It really puts our current Washington ESD problems in perspective. Yes the system is slow and frustrating, but at least we have something. People in the 1930s faced unemployment with zero safety net. That's terrifying.