MIGRATION AND BUSINESS CYCLES
CHART 40
INTERNATIONAL COMPARISONS OF CYCLES IN INDICES oF Economic
ConbpiTioNs: 1870-1913.
Percentage deviations from seven-year smoothed mowing averages, expressed
 as multiples of their standard deviations
+2.0 r
| |
Jnited States
Fa
5 kL. -1
‘20
& //
Ww i KX
- 2d
+20
A
Toi
~2.0
ev
S 1420
-/0'%
i i : +10
-2.0 ~ / (Soren, El oe
2. B 9
> “OV
| -10
i
=i -2.0
o 1870-1679 | 1680-1889 | 1850-1899 | 1900-1909 [i073
«Numerical data in Table 48, except for the United States index, which is plotted
from computations made by W. F. Ogburn and Dorothy S. Thomas, published in the
Journal of the American Statistical Association, September, 1922, p. 327.

174