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Written on Aug 20, 2021
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During the depression of the 1930s, benefits in Britain were distributed to those not covered by national unemployment insurance. The leve! of benefits was decided according to the results of an investi­gation into the income and wealth of the potential recipient and his relations.

Reference: The Penguin Dictionary of Economics, 3rd edt.


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James Knight

James Knight

Editor of Education

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James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets. His main focus is on improving financial literacy among casual investors. He has been with Invezz since the start of 2021 and has been...