“Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.”
Quote by Barry Eichengreen
Author
Barry Eichengreen
Barry Eichengreen is a renowned economist known for his extensive research on international finance and economic history. His work focuses on monetary policy and international economic relations, particularly in the areas of financial and monetary crises. Eichengreen's publications are extensive, including books such as 'The Consequences of the Great Depression' and 'The End of the Gold Standard'. more