r in every four was out of a job. In other countries unemployment ranged between 15% and 25% of the labor force. Despite the seeming business boom, prosperity and gain, of the 1920's, however, there were serious economic weak spots that led to an economi

c decline. A chief and main one being a depression in the agricultural sector. This occurred in the agricultural sector due to drought and harsh winters that plagued the Midwest along with rest of the world. Such countries that faced these harsh weather conditions were Germany, Czechoslovakia (Present day Czech Republic), Poland, and the Balkan states. These bone-chilling winters that hit these, along with other European countries, crippled many industries like those of coal mining, railroads, and textiles. This hindering of the industrial sector lead to an economic decline because it shut down transportation means and ways and if something of this nature occurs there is no way to export products made by that country therefore no profit can be gained. Only spending of money occurred. Another reason for the economic decline of the late 1920's through the early 1930's were the failure of U.S. bank firms. An average of about 600 per year, banks, and thousands of business firms failed due to no consumer buying due to a lack of funds. Yet another reason for this economic disaster was the Gross National Product (GNP). The GNP, which for years had grown at an average annual rate of 3.5%, declined at a rate of over 10% annually, at an average, from 1929 to 1932. Agricultural distress was intense and great as farm prices fell by 53% from 1929 to 1932. The decline of economic prosperity and growth during these times had many facets, but the main one's were those of unemploy

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