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A BRIEF HISTORY OF UNEMPLOYMENT
A BRIEF HISTORY OF UNEMPLOYMENT
By Tim Lambert
Before the Industrial Revolution unemployment was much less of a problem than it is now. It existed of course but there was not mass unemployment. In an agricultural society the economy was usually stable and it changed little from year to year. However from the 18th century the British economy went in a cycle of booms and slumps (or recessions). With each recession large numbers of people were thrown out of work. for more click here
