ABSTRACT

The degree or intensity of world unemployment shows remarkable geographical variations. Denmark, an almost entirely agricultural country, one which was not directly affected by the War, and one with an extremely well-organized economic life, suffering from double the French unemployment percentage—a per cent. If one thinks of the relative level of unemployment in terms of heights on the face of the earth, one gets a very remarkable relief map of unemployment. Unemployment first became strikingly noticeable in Germany, and the result was that unconsciously people got used to supposing that the malady had been incubated in Germany and had spread thence like some zymotic infection to the other, sounder economic systems. While everybody knows only too well all about unemployment in Germany, one finds the layman in Germany, who is not himself a trader, usually hazy about the fall in prices.