Statement I.There was a sharp recession in 1937-1938.
Statement II.In 1933 our unemployment rate was about 25 percent.

Name: Statement I.There was a sharp recession in 1937-1938. Statement II.In 1933 our unemployment rate was about 25 percent.
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Both statements are true. There was indeed a sharp recession in 1937-1938, which is known as the "Roosevelt Recession." Additionally, the unemployment rate in 1933 was about 25 percent, which was one of the highest levels of unemployment in US history.

Statement I.There Was a Sharp Recession in 1937-1938