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The improvement was compounded by the currency reform, as farmers had a stable currency with which to hire labor, buy equipment, and acquire fertilizers to work their fields. Although this did not eliminate the necessity for the importation of food, it represented progress, since the agricultural center of Germany had been in the East. [10]
Meanwhile, Schacht's administration achieved a rapid decline in the unemployment rate, the largest of any country during the Great Depression. [20] By 1938, unemployment was practically extinct. [27] Price controls kept inflation in check but also squeezed out small farmers. [4] The government also introduced rent and wage controls. [28]
Inbound capital flows (from sales of the nation's foreign currency), especially when combined with a current account surplus, can cause a rise in value (appreciation) of a nation's currency, while outbound flows can cause a fall in value (depreciation). If a government (or, if authorized to operate independently in this area, the central bank ...
The Unemployment Insurance Act 1920 created the dole system of payments for unemployed workers in the United Kingdom. [8] The dole system provided 39 weeks of unemployment benefits to over 11,000,000 workers—practically the entire civilian working population except domestic service, farmworkers, railway men, and civil servants.
President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.
The state’s unemployment agency potentially overpaid an estimated $55 billion in recent years to people who may not have been eligible for jobless benefits, a California state audit has found.
Non-sterilized intervention is a policy that alters the monetary base. Specifically, authorities affect the exchange rate through purchasing or selling foreign money or bonds with domestic currency. For example, aiming at decreasing the exchange rate/price of the domestic currency, authorities could purchase foreign currency bonds.
France is planning to toughen unemployment rules by restricting the period when jobless citizens receive welfare payments, Prime Minister Gabriel Attal said on Wednesday. President Emmanuel Macron ...