A few days ago
Great Depression Help!?!?
What happened in 1937 to cause the number of unemployment to decrease???
What happened in 1938 that caused unemployment to increase????
PLEASE PLEASE PLEASE HELP!!!!
I rele appreciate it! 😛
Top 1 Answers
A few days ago
Favorite Answer
http://en.wikipedia.org/wiki/Recession_of_1937
http://www.marginalrevolution.com/marginalrevolution/2007/01/did_the_new_dea.html
http://www.ncpa.org/studies/s190/s190h.html
By May of 1937, the unemployment rate had fallen to almost 12 percent. Again, all the evidence points to the same conclusion: If we introduce a wage shock in the form of a hike in the minimum wage, unemployment rises; if we allow the minimum wage to fall from the effects of inflation or court rulings, unemployment falls
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