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1930s: During the Great Depression unemployment rose as high as 25%; the New Deal program of government-sponsored relief leads to a deficit in the federal budget.
1960: After a decade of record-high American production and exports, unemployment dips to less than 5 percent, while the federal government runs a small surplus.
Today: Unemployment runs between 5 and 6 percent, while the federal government works to reduce a multi-billion dollar deficit amidst...
Source: Novels for Students, ©2013 Gale Cengage. All Rights Reserved. Full copyright.
(The entire page is 357 words.)
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