Barry Eichengreen quote

Why was there so much work-sharing in the 1930s? One reason is that government pushed for it. In his memoirs, President Herbert Hoover estimated that as many as two million workers avoided unemployment as a result of his efforts to promote work-sharing.
Barry Eichengreen

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Globalizing Capital: A History of the International Monetary System - Third Edition
Globalizing Capital: A History of the International Monetary System - Third Edition
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