While President Trump himself has used Smoot-Hawley as a justification for his tariff action, Wharton’s Gomes told Fortune the two instances are so far removed that it’s a “ridiculous comparison.” On the si
The Depression was actually ended,and prosperity restored, by the sharp reductions in spending, taxes and regulation at the end of World War II, exactly contrary to the analysis of Keynesian so-called economists. True, unemployment did decline at the start of World War II. What effectively ende...
Footnote 1 The “traditional view”, which focuses mainly on industrial child labour, argues that while children did work before industrialization such work was not exploitative. Furthermore, it gives primacy to a legislative approach driven by socially aware campaigners in reducing child labour. In...
TheSagatindincidence was one of the first examples of Norwegian presence in the less-salubrious part of the shipping sector—and undoubtedly the most publicized. Of course,Sagatindwas not the only Norwegian ship engaged in smuggling during the Prohibition era, and it could be tempting to use the...
What period was the great depression? Depression: A long-term economic downturn that is caused by lower economic activities such as production, consumption, distribution, supply, demand, etc. is called depression. The unemployment rate is very high in this phase, and most people are jobless. ...
1. Please answer the following questions. “...but most people thought it was just a fad.” What does “it” mean in this sentence? How do you understand “fad” in the first paragraph? “It” here means the social networking that made the teenagers tired easily. At that time the ...
In other words, maybe the unemployment rate was wrong for years before, but this time could it be useful? Wages should settle the matter. Except if wage data isn’t agreeing with the low unemployment rate, rather in what’s instead historically deflationary fashion; yes, n...
The 18 point size is in the queue and will soon follow. Bernhard Modern Roman was released in 1937 as a refinement of the earlier Bernhard Booklet. Oddly, it does not appear in the 1941 catalog, ATF’s last hardbound specimen—but it does show up in the 48-page Supplement of “more ...
Marked Woman (1937) Director Lloyd Bacon; Michael Curtiz Main cast Bette Davis; Humphrey Bogart; Lola Lane; Isabel Jewell; Mayo Methot Genres Drama, Action, Thriller, Crime Description Set in the underworld of Manhattan, Marked Woman tells the story of a woman who dares to stand up to one...
In monetary terms, the interwar period was a merry-go-round let loose, with mercu- rial exchange rate fluctuations, hyperinflation and extreme instability in the world economy. A second problem was the lack of a hegemonial power; a sunset Europe that was unable to take responsibility for the...