Excerpt from Unemployment Insurance in Theory and Practice The widespread unemployment produced by the industrial depression of 1921, the extent of unemployment in the United States during normal years, the increasing experimentation abroad with forms of social insurance against unemployment, and the bills providing for public unemployment insurance which have been introduced into the legislatures of several states, all have combined to make the question of unemployment insurance of growing importance in this country. That A unemployment is a national problem of the first order and that a broad, constructive program for dealing with it is a national need, requires no emphasis today. The conflicting social and economic points of view as to what this program should be, the varied interpretations of European experience with unemployment insurance and the prevailing vagueness of information on the situation in the United States as regards the application of public insurance to the unemployment problem, make Man impartial analysis of the question highly desirable. The purpose of the present report is to discuss the problem of the relation of public unemployment insurance to conditions in the United States, through an analysis of the theory of such insurance, an examination of European experience with its, various forms and a survey of the need and basis for public a unemployment insurance in the United States. Legislative. projects for such insurance in this country are studied from the point of view of economic and social theory and in the light of American economic and social conditions so as to provide a basis for unbiased judgment regarding the applicability of any form of social insurance to the unemployment problem in the United States. Realizing the burden which unemployment puts upon modern industrial society, the Board in this report wishes to emphasize the necessity for a thorough study of the character of the problem and the possibilities of meeting it in ways adapted to economic and industrial conditions in the United State, without prejudice to the principle of public insurance in so fr as its need and practicability may be demonstrated. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.