Full text: Migration and business cycles

INFLUENCE OF ECONOMIC CONDITIONS 
CHART 47 
IMMIGRATION FROM ITALY CoMPARED WITH Pic IrRoN PropucTION 
IN THE UNITED STATES AND CroP VALUES IN ITALY: 
1884-1913. 
Unit= one standard deviation 
= A IMMIGRATION AND PIG IRON 
FE i 
Ean IMMIGRATION AND CPF 7S 
Fro WC RIES 
woo 
of Ise. a 
Cycles in immigration from Italy into the United States are computed from data 
given in Table 44; the cycles in United States pig iron production, Table 14; crop values 
in Italy, Table 52. The pig iron and crop data are for calendar vears: the immigration 
data, for years ending June 30th. 
several years beginning in 1904, the best agreement is reached 
when immigration for the year ending June 30th is compared with 
pig iron production for the year ending the following December 
31st. This apparent tendency for immigration to anticipate changes 
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