Migration and business cycles

Bibliographic data

Monograph

Identifikator:: 1736236210

URN:: urn:nbn:de:zbw-retromon-111544

Document type:: Monograph

Author:: Jerome, Harry

Title:: Migration and business cycles

Place of publication:: New York

Publisher:: National Bureau of Economic Research

Year of publication:: 1926

Scope:: 256 S.

Digitisation:: 2020

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. Employment opportunities for immigrants

Collection:: Economics Books

MIGRATION AND BUSINESS CYCLES the other series, have been taken as the primary determinants of which years should be designated as depression years. Calendar Years. From Chart 6, page 59, in which calendar year totals are plotted, we note that in the period since 1870 the slack years appear to be TABLE 12-A—INDICES OF Economic CONDITIONS, BY CALENDAR YEARS, 1870-1923 PRODUCTION WHOLE- PRODUCTION WHOLE- (MILLION TONS) SALE (MILLION TONS) SALE YEAR|—— - —- — PRICES? YEAR|— — — ~——— -———fm - __—— PRICES® , Pic! Brrumin- | ANTHRA- 1913 =100 Pic Broun | ANTHRA- 1913 =100 - IrRoN® 10Us CoAaLb IciTE CoALP | IRON®* ‘ous CoALP|ciTE CoALbP 1870, 1.67 17.4 15.7 122 [1900 13.79 212.3 57.4 81 1s 17 27.5 19.3 118 [1901 15.88 225.8 67.5 nn 1872 2.55 | 8702 242 123 i 17.82 + 260.2 41.4 $4 1873 | 2.56 31.4 26.2 118 [1903 18.01 : 282.7 74.6 86 1874 2.40 27.3 24.8 114 [1904 16.50 273.7 73.2 86 1875 2.02 29.9 22.5 110 [1905 22.99 315.1 7757 86 1876 1.87 | 30.5 22.8 100 [1906 25.31 342.9 71.3 89 1877 2.07 34.8 25.7 99 [1907 25.78 394.8 85.6 94 1878 | 2.30 | 36.2 21.7 85 E 15.94 332.6 83.3 90 1879 | 2.74 37.9 30.2 81 [1909 25.80 379.7 81.1 97 1880 3.84 42.8 28.6 94 [1910 27.30 417.1 84.5 101 1881 4.14 54.0 31.9 97 [1911 | 23.65 405.9 90.5 93 1882 4.62 68.4 35.1 103 i | 20.73 450.1 84.4 99 1883 4.60 , 77.3 38.5 91 [1913 , 30.97 478.4 91.5 100 1884 4.10 83.0 37.2 83 [1012 | 23.33 422.7 90.8 98 1385004 [040 Nii72 3 33:3 77 [1915 | 29.92 442.6 89.0 101 1886 5.68 74.6 © 39.0 74 [1916 | 39.43 502.5 87.6 | 127 1887 6.42 88.6 42.1 73 [i 38.62 551.8 99.6 177 1888 6.49 102.0 46.6 81 [1918 | 39.05 579.4 98.8 194 1889 7.60 95.7 45.5 79 1919 | 31.02 465.9 88.1 206 1890 9.20 111.3 46.5 78 i 36.93 568.7 80.6 226 1801 8.28 117.9 50.7 80 {1921 16.69 415.9 90.5 147 1892 9.16 126.9 52.5 75 [1922 , 27.22 422.38 54.78 149 1893 7.12 128.4 | 54.0 77 11923 40.36 545.4 95.48 154 1894 6.66 118.8 51.9 69 1895 9.45 13510 53.0 70 1896 | 8.62 137.6 54.3 6? 1897 9.65 147.6 52.6 1898 ' 11.77 166.6 53.4 7 1899 | 13.62 193.3 60.4 | ‘ aStatistical Abstract of the United States, 1923, pp. 264-265, 272. bUnited States Geological Survey, Coal in 1919, 1920 and 1921, p. 482. ; °Based, prior to 1891, upon the index number compiled by Joseph L. Snider, ‘Wholesale Prices in the United States, 1866-91", in the Review of Economic Statistics, April, 1924, pp. 93-118, especially p. 112, converted to 1913 base; for 1891 to 1923, upon the index number of the United States Bureau of Labor Statistics, Bulletin 335, p. 9. and Survey of Current Business, Feb., 1923, p. 135. as follows: first, a slump in the late seventies, the exact year differing in the several series; then 1885, 1888 (slight), 1893 and 1894, 1896 or 1897, 1902 in anthracite coal, due to strikes, 1904, 1908 (severe), 1911 (relatively mild), 1914 and to a lesser extent 1915 and 1919, 1921 (severe), and 1922. Further indication of the depression characteristic of these years is found in Chart 8 on a subsequent 60

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