many millions more workers only stayed in their jobs at a reduced rate, since employers cut hours and introduced short-time work in an attempt to adjust to the collapse in demand. Then many trained workers or apprentices had to accept menial and unskilled jobs because the jobs they were qualified for had disappeared. These were still the lucky ones. For what caused the real misery and desperation was the lengthy duration of the crisis, starting – at a time when unemployment was already fairly high – in October 1929 and showing no signs of abating for the next three years. Yet the benefits
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