The Resource Socialism and wages in the recovery from the Great Depression in the United States and Germany

Socialism and wages in the recovery from the Great Depression in the United States and Germany

Label
Socialism and wages in the recovery from the Great Depression in the United States and Germany
Instantiates
Note
In: Journal of Economic History. June 1990 pp.297-307
Contents
Germany and the United States reacted with different economic policies to the Great Depression. In the US higher wages meant more unemployment but higher consumption levels for those with jobs, which helped stimulate the economy. In Germany, government intervention and military expansion led to more jobs but lower consumption levels. Curriculum area: Modern History
Control code
cls00045036
Extent
11p
Issn
00220507
Label
Socialism and wages in the recovery from the Great Depression in the United States and Germany
Note
In: Journal of Economic History. June 1990 pp.297-307
Contents
Germany and the United States reacted with different economic policies to the Great Depression. In the US higher wages meant more unemployment but higher consumption levels for those with jobs, which helped stimulate the economy. In Germany, government intervention and military expansion led to more jobs but lower consumption levels. Curriculum area: Modern History
Control code
cls00045036
Extent
11p
Issn
00220507

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