MIGRATION AND BUSINESS CYCLES
CHART 41
Business ConDiTIONS AND EMIGRATION FROM THE UNITED
Kinegpom: 1870-1913:
Cycles in Emigration to the United States Compared with Business
Conditions in the United Kingdom (Fig. A) and the United
States (Fig. B)
Deviations from seven-year smoothed moving averages, expressed as
multiples of their standard deviations
+2.0 mri TEE Ne
=r : —o=Emigration e---—-e-Composite Index for,
Cr ! the United Kingdom
+/0 1" 7
ol; eh
I J
4 \ \ ye A
-1.0 Sa Pye ar —
ZO |
|
yo
22.0 . ew Fo BN
“YT o——o=Cmigration e--—e=Composité Index for
/ | theUnited States I
+10 ~¢ IT ! TT A] = f —
$ La Bly 2 A
aR nL LOS A
.® 8 | \ I 1 2 Wu ;
[0 —— 5 ; v ' RY y!
0 Tet Hi . RZ vo
20pb——0-' 1. —
_ 1870-18 55 1880-1889 | 1890-18399 1 1900-1909 V9/073)
«For numerical data see Table 48 and footnote to Chart 40.

180