Die Wasserversorgung in Bayern nach dem Stande vom 1. 1. 1928

Migration and business cycles

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Monograph

Identifikator:: 1823193919

URN:: urn:nbn:de:zbw-retromon-220897

Document type:: Monograph

Title:: Die Wasserversorgung in Bayern nach dem Stande vom 1. 1. 1928

Place of publication:: München

Publisher:: Lindauer

Year of publication:: 1930

Scope:: 206 S

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Abschnitt. Grundlagen und Entwicklung der Wasserversorgung in Bayern

Collection:: Economics Books

THE WAR AND POST-WAR PERIOD The Comparative Volume of Migration and Changes in Employment in the Depression of 1921 The major depression of the post-war period is the depression of 1921. The recession phase of this period began in 1920, and the depression continued into 1922, but for the sake of brevity we shall designate it as the depression of 1921. The delimitation of its exact duration depends upon the slope of the trend assigned to the indexes of production and industrial activity, but the satisfactory deter- mination of trends for the short period since the war is indeed difficult. In our index of factory employment in New York and Massachusetts, the cycle of employment reached its high point in March, 1920, declined thereafter to its lowest point in January, 1921, and remained below the estimated trend until December, 1922. Employment in the nine quarters from the first quarter of 1920 to the first quarter of 1922, inclusive, is covered by the special investigation conducted by the National Bureau of Economic Re- search for the President’s Conference on Unemployment. The computations made by Dr. W. I. King on the basis of this investi- gation give the estimated average number of employees in each quarter, not only in manufacturing but also in other major industries. The estimated total number employed in the extraction of miner- als, construction, and manufacturing affords the best basis of com- parison with migration. These are the industries in which the great bulk of new immigrants engage. In Table 32 and Chart 25, Fig. A, are presented data concerning the change from quarter to quarter in the average number employed in the given industries and also the net additions to the alien male population of the United States in the same period, obtained by subtracting the recorded number of outgoing males, both emigrant and nonemigrant, from the recorded number of alien male arrivals, both immigrant and nonimmigrant. Each comparison, then, is between the net alien male migration in the given quarter and the increase or decrease from the previous quarter in the number em- ployed. Lag. A sharp decline in employment appears in the fourth quarter of 1920, but arrivals continue to exceed departures through that and the following two quarters. Only in the last two quarters of 1921 does the net movement of male aliens show an excess of departures. 131

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