Browse Cases

Showing 1-1 of 1 results

Norwegian seamen organize general strike, 1921

Time period
May 8, 1921 to June, 1921
Economic Justice
Total points
3.5 out of 10 points
Name of researcher, and date dd/mm/yyyy
Blaine O'Neill, 04/10/2010

Following a rapid price increase and in turn wage increases (thanks to Union pressures), after the first half of 1920 prices in Norway began to rapidly fall. From 1919-1920, the cost of living rose by 16 percent, and in the subsequent period dropped 8 percent. Following the war, imports rose quickly and amounted to a surplus, marking the beginning of a turbulent global economy throughout the 1920s. Bankruptcies began to increase among businesses, feeling pressured by wage agreements and high interest rates.