Labour Force: Income Security & Insurance

Income Support System ·          Employment Insurance (EI) ·          provides a level of income replacement to those workers who are temporarily out of work and meet strict eligibility conditions ·          Social Assistance (SA) ·          provides minimal income support to those who do not qualify for Employment Insurance Key Concepts ·          Employment: any legal activity carried out…

Germany After WWI

ECONOMIC PROBLEMS (INFLATION) Instead of taxing its people to finance WWI, Germany had borrowed the money. Thus it had burdened its citizens with a huge debt. To payoff this debt after the war, the German government simply printed more money. This was done even though the country’s industry, agriculture, and commerce were not expanding because…