chapter  2
The Industrialization Process in Perspective
Pages 22

The problem of recovery and reconstruction was not a temporary one; the situation disclosed a number of struc­ tural problems. The problem that raised most concern was the employment situation. The memory of half a million unemployed at the trough of the Depression was still fresh. In 1936, one-fifth of the labor force was unemployed, not to mention the immense number of underemployed.