Unemployment and Real Wages in the Great Depression

2010 ◽  
Vol 214 ◽  
pp. R51-R61
Author(s):  
Solomos Solomou ◽  
Martin Weale
Keyword(s):  
United States ◽  
United Kingdom ◽  
Great Depression ◽  
The United States ◽  
Supply Side ◽  
Real Wages ◽  
The Great Depression ◽  
Advanced Economies ◽  
Econometric Evidence

This article uses a dataset covering ten advanced economies (Australia, Belgium, Canada, France, Germany, Netherlands, Norway, Sweden, United Kingdom and the United States) to explore the role of real wages as an influence on employment and unemployment in the Great Depression and more generally in the 1920s and 1930s. The distinction between employment and unemployment movements during the Great Depression helps to clarify the role of supply side influences on the national heterogeneity of unemployment increases during the Great Depression. We find little general econometric evidence for the idea that movements in product wages had strong influences on employment either during the period of rising unemployment associated with the depression of the 1930s or more generally with the data which exist for the 1920s and 1930s.

Greek Orthodoxy versus Protestant Congregationalism

2020 ◽  
pp. 58-77
Author(s):  
Alexander Kitroeff
Keyword(s):  
United States ◽  
Great Depression ◽  
The United States ◽  
Primary Role ◽  
Cultural Events ◽  
Effective Implementation ◽  
The Great Depression ◽  
Full Responsibility ◽  
The Moment

This chapter describes the moment of ascendancy of Greek Orthodoxy in the United States. It talks about Archbishop Athenagoras, who arrived from Greece and introduced sweeping changes that essentially meant an effective implementation of the idea of a centralized governing body that would hold sway over the parishes. It also looks into Archbishop Athenagoras' decree that permits parishes to assume full responsibility for all local Greek communal activities, such as education, philanthropy, national commemorations, and cultural events. The chapter examines how parishes assumed the primary role in organizing Greek American religious and secular activities. It recounts the time of the Great Depression that weakened the role of the secular Greek American organizations both nationally and locally.

Design Piracy in the Fashion Industries of Paris and New York in the Interwar Years

2011 ◽  
Vol 85 (2) ◽  
pp. 319-344 ◽  
Author(s):  
Véronique Pouillard
Keyword(s):  
United States ◽  
New York ◽  
Great Depression ◽  
The United States ◽  
Fashion Design ◽  
National Interests ◽  
The Great Depression ◽  
American Fashion ◽  
Fashion Designers

During the Great Depression, counterfeiters of the newest styles posed a challenge to the high-fashion designers who dominated Parisian design. Meanwhile, New York, traditionally the destination of the first corporate buyers of Paris couture, became a potential contender for the role of fashion capital. Scrutiny of French and American laws reveals that strong national interests were at stake in the fashion business. In France, the law safeguarded copyrights of fashion design while, in the United States, legislators denied such protection to American fashion.

The link between coronavirus, anxiety, and religious beliefs in the United States and United Kingdom

2020 ◽  
Author(s):  
Francesco Rigoli
Keyword(s):  
United States ◽  
United Kingdom ◽  
Religious Beliefs ◽  
Well Being ◽  
The United States ◽  
Christian Faith ◽  
Stressful Event ◽  
Cultural Implications ◽  
The Impact

Research has shown that stress impacts on people’s religious beliefs. However, several aspects of this effect remain poorly understood, for example regarding the role of prior religiosity and stress-induced anxiety. This paper explores these aspects in the context of the recent coronavirus emergency. The latter has impacted dramatically on many people’s well-being; hence it can be considered a highly stressful event. Through online questionnaires administered to UK and USA citizens professing either Christian faith or no religion, this paper examines the impact of the coronavirus crisis upon common people’s religious beliefs. We found that, following the coronavirus emergency, strong believers reported higher confidence in their religious beliefs while non-believers reported increased scepticism towards religion. Moreover, for strong believers, higher anxiety elicited by the coronavirus threat was associated with increased strengthening of religious beliefs. Conversely, for non-believers, higher anxiety elicited by the coronavirus thereat was associated with increased scepticism towards religious beliefs. These observations are consistent with the notion that stress-induced anxiety enhances support for the ideology already embraced before a stressful event occurs. This study sheds light on the psychological and cultural implications of the coronavirus crisis, which represents one of the most serious health emergencies in recent times.

War and the Next Lesson

Money ◽  
2017 ◽  
Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith
Keyword(s):  
United States ◽  
Monetary Policy ◽  
World War Ii ◽  
Fiscal Policy ◽  
World War I ◽  
Great Depression ◽  
The United States ◽  
World War ◽  
John Maynard Keynes ◽  
The Great Depression

This chapter examines the lessons of World War II with respect to money and monetary policy. World War I exposed the fragility of the monetary structure that had gold as its foundation, the great boom of the 1920s showed how futile monetary policy was as an instrument of restraint, and the Great Depression highlighted the ineffectuality of monetary policy for rescuing the country from a slump—for breaking out of the underemployment equilibrium once this had been fully and firmly established. On the part of John Maynard Keynes, the lesson was that only fiscal policy ensured not just that money was available to be borrowed but that it would be borrowed and would be spent. The chapter considers the experiences of Britain, Germany, and the United States with a lesson of World War II: that general measures for restraining demand do not prevent inflation in an economy that is operating at or near capacity.

Our Daily Bread: ‘Cooperation’, ‘Independence’ and Politics in Mid-1930s Cinema

2016 ◽  
Author(s):  
Brian Neve
Keyword(s):  
United States ◽  
Great Depression ◽  
The United States ◽  
The State ◽  
The Great Depression ◽  
Box Office ◽  
Production History ◽  
History Of ◽  
Cooperative Activity ◽  
The Relationship

This chapter revisits and explores the production history of director King Vidor’s independently made movie, Our Daily Bread (1934), its ideological and aesthetic motifs, and its exhibition and reception in the United States and beyond, not least its apparent failure at the box office. It further considers the relationship between the film and contemporary advocacy of cooperative activity as a response to the Great Depression, notably by the California Cooperative League, Franklin D. Roosevelt’s New Deal, and Upton Sinclair’s End Poverty in California campaign for the state governorship. It also assesses the movie in relation to Vidor’s own cooperative vision through its emphasis on individuals and community as a solution to the Great Depression and the significant absence of the state in this agency.

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