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Full-Text Articles in History
Economic Growth And Recovery In The United States, 1919-1941, Alexander J. Field
Economic Growth And Recovery In The United States, 1919-1941, Alexander J. Field
Economics
The first part of this chapter provides an overview of what lay behind record productivity growth in the US economy between 1929 and 1941. The second part considers the role of rigidities and other negative supply conditions in worsening the downturn and slowing recovery. While arguing consistently that the overarching explanation of the Great Depression will and should continue to emphasise a collapse and slow revival in the growth of aggregate demand, the chapter spends relatively little time on what drives this. The emphasis of the chapter is on aggregate supply—both the broad array of positive shocks that propelled potential …
New Evidence On Race Discrimination Under "Separate But Equal", Bradley A. Hansen, Mary Eschelbach Hansen
New Evidence On Race Discrimination Under "Separate But Equal", Bradley A. Hansen, Mary Eschelbach Hansen
Economics
Recently uncovered data on teachers’ salaries in Virginia in 1906 allow for more precise and consistent estimations of marginal returns to certification and formal education than had been available in previous studies. Virginia's “separate but equal” educational system paid black teachers in rural counties lower wages than it paid white teachers and on average paid a lower premium to blacks for certification and formal education than it paid to whites. In incorporated cities, returns to certification and normal school education were about the same for black teachers and white teachers, although average salaries were lower for black teachers.