May 9, 2020
The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression.
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Source: Wikipedia (CC BY-SA)
On May 9, in the year 2020:
The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression.
In the United States, the Great Depression is commonly dated to the Wall Street crash of October 1929.
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Source: Internal
Why May 9, 2020 matters:
The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression.
What began on this day left a lasting mark on history. The effects were felt immediately and continued to shape events, ideas, and lives long afterwards.
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Historical context: May 9, 2020
The 21st century has already seen profound shifts: the digital revolution has connected billions while reshaping politics and culture; climate change has emerged as a defining crisis; and new powers have risen to challenge the world order that followed the Cold War.
The event on this day: The COVID-19 recession causes the U.S. unemployment rate to hit 14.9 percent, its worst rate since the Great Depression.
Source: https://en.wikipedia.org/wiki/Great_Depression_in_the_United_States (Wikipedia, CC BY-SA)
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