notes. 9.17 - 9/17- Boyer All major immigration countries...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
9/17- Boyer - All major immigration countries pat up anti-immigration policy o US had one of the worse o Why? Protecting low skilled workers, immigrants were driving down wages, just getting vote Racist policies, US has a ban on Asian immigration Fear that there will be a flood of economic refugees who will ruin economy o What do these policies do to wages? Wages are dispersing/divergin in the 1920’s after the end of WWI Can be considered positive if living in the US - All countries that fought in WWI were forced of the gold standard (minus us) o Have no choice- borrowing, printing, extra money, huge trade defecit o Countries want to get back on gold as soon as possible - Central Europe monetary system had horrible hyperinflation - Slowly but surely countries go back on gold o Trade collapses post- WWI o Go back on to increase exports and reconstruct the pre-WWI economy o British go back on gold of previous exchange rate Cause horrible problem and destroys economy - 1925-29 o Economic boom o US has been in boom since 22 o Everything seems good and on trade - October 1929= US stock market collapse
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
o Entire economy is unraveled o GDP drops dramatically world wide o Unemployment in the 30’s is huge! o
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/14/2008 for the course ILRIC 2350 taught by Professor Batt,boyer,givan,kur during the Fall '07 term at Cornell University (Engineering School).

Page1 / 5

notes. 9.17 - 9/17- Boyer All major immigration countries...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online