The Stabilization of Employment

Archive Report

Announcement by the Department of Commerce, August 15, that commodity production and consumption had been larger, and business in general more active during July, 1929, than in any corresponding month of the nation's history followed close upon the heels of a statement by President Green of the American Federation of Labor that during 1929 at least 500,000 wage-earners had been added to the number enjoying the five-day week and that millions of additional dollars for expenditure in retail trade had been provided through wage increases received by organized workers during the year. Unemployment, Green added, did not seem at this time to be “unusually large,”1 There was more of it in the smaller towns than in large cities, but whether the total was above ...

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles