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It has long been the theory in the United States that cyclic depressions in industry, due to lack of a market for the goods produced, resulting in largescale unemployment, could be alleviated materially by increased activity in the field of public works-in the construction of facilities requiring no market except the approval of the people. The opinion was also widely held that the transfer of the man power released by industry into the operations of public works would be a simple process performed with no great loss of time, and that the equivalent employment would sustain the purchasing power of the nation until industry returned to a normal basis.
It has long been the theory in the United States that cyclic depressions in industry, due to lack of a market for the goods produced, resulting in largescale unemployment, could be alleviated materially by increased activity in the field of public works-in the construction of facilities requiring no market except the approval of the people. The opinion was also widely held that the transfer of the man power released by industry into the operations of public works would be a simple process performed with no great loss of time, and that the equivalent employment would sustain the purchasing power of the nation until industry returned to a normal basis.
Value of Public Works
Hallihan, J. P. (author)
Transactions of the American Society of Civil Engineers ; 107 ; 598-605
2021-01-01
81942-01-01 pages
Article (Journal)
Electronic Resource
Unknown
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