Hysteresis and Persistent Long-Term Unemployment: Lessons from the Great Depression and World War 2

2015 ◽  
Author(s):  
Gabriel Mathy
2021 ◽  
pp. 1-41
Author(s):  
Quentin Lippmann

This paper studies the evolution of mate preferences throughout the twentieth century in France. I digitized all the matrimonial ads published in France’s best-selling monthly magazine from 1928 to 1994. Using dictionary-based methods, I show that mate preferences were mostly stable during the Great Depression, WWII, and the ensuing economic boom. These preferences started transforming in the late 1960s when economic criteria were progressively replaced by personality criteria. The timing coincides with profound family and demographic changes in French society. These findings suggest that, in the search for a long-term partner, non-material needs have replaced material ones.


Author(s):  
John Kenneth Galbraith ◽  
James K. Galbraith

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.


2021 ◽  
pp. 184-207
Author(s):  
Benjamin Hoy

Chapter 9 follows the Canada–US border’s development from 1900 until the 1930s. It surveys the Alaska Boundary Survey, World War I, Prohibition, the Great Depression, and Indigenous resistance to new immigration laws. In the 1920s, the Indian Citizenship Act and National Origins Act extended federal immigration law over Indigenous people, resulting in resistance. Deskaheh (Levi General) gave speeches in Europe to garner support for the Haudenosaunee rights to self-governance. Clinton Rickard helped found the Indian Defense League of America to increase pan-Indigenous resistance to federal policy. Paul Diabo’s legal challenge to the Immigration Service’s interpretation of the Jay Treaty helped entrench Indigenous mobility as a fundamental part of the Canada–US border. As battles over citizenship and prohibition attested, increases in federal personnel did not give either country the ability to ignore popular resistance.


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