Industrial Depressions; Their Causes Analysed And Classified With a Practical Remedy for Such As Result From Industrial Derangements; Or, Iron the Barometer of Trade
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In our eReader you can find the full English version of the book. Read Industrial Depressions; Their Causes Analysed And Classified With a Practical Remedy for Such As Result From Industrial Derangements; Or, Iron the Barometer of Trade Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Industrial Depressions; Their Causes Analysed And Classified With a Practical Remedy for Such As Result From Industrial Derangements; Or, Iron the Barometer of Trade
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It swells the demand for labor and materials, however, and must pay the high prices while it exists.
The investment demand, which is controlled almost DEPRESSIONS 1897 TO 1908 181 entirely by prices, is, however, the governor of the volume of all, for when that is completed and experiences its sudden decline in volume, the stimulus for the large increase in necessity construction ceases, and that, too, experiences a large decline in volume. The consumption of iron during this revival rose from ...a 12,900,000 tons- per-annum rate in July, 1904, to a 27,500,000 tons-per- annum rate in October, 1907.
THE DECLINE When the financial panic of October, 1907, occurred, consumption of iron dropped from a 27,500,000 tons-per- annum rate to a 12,500,000 tons-per-annum rate, within three months. Factories, furnaces, mills, and industrial machinery generally all over the country received a sudden check, and a great army of breadwinners was again thrown out of employment.
There was no flood of untenable alleged causes in the United States to account for this sudden depression of the industries, as it was perfectly evident to every one that it was the result of the panic; but the industrial nations of Europe soon after suffered from a sudden de- cline in their industries, and those nations experienced no panic; therefore, the flood of untenable alleged causes had full sway in those countries.
What to read after Industrial Depressions; Their Causes Analysed And Classified With a Practical Remedy for Such As Result From Industrial Derangements; Or, Iron the Barometer of Trade?
You can find similar books in the "Read Also" column, or choose other free books by George Huntington Hull to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
It swells the demand for labor and materials, however, and must pay the high prices while it exists.
The investment demand, which is controlled almost DEPRESSIONS 1897 TO 1908 181 entirely by prices, is, however, the governor of the volume of all, for when that is completed and experiences its sudden decline in volume, the stimulus for the large increase in necessity construction ceases, and that, too, experiences a large decline in volume. The consumption of iron during this revival rose from ...a 12,900,000 tons- per-annum rate in July, 1904, to a 27,500,000 tons-per- annum rate in October, 1907.
THE DECLINE When the financial panic of October, 1907, occurred, consumption of iron dropped from a 27,500,000 tons-per- annum rate to a 12,500,000 tons-per-annum rate, within three months. Factories, furnaces, mills, and industrial machinery generally all over the country received a sudden check, and a great army of breadwinners was again thrown out of employment.
There was no flood of untenable alleged causes in the United States to account for this sudden depression of the industries, as it was perfectly evident to every one that it was the result of the panic; but the industrial nations of Europe soon after suffered from a sudden de- cline in their industries, and those nations experienced no panic; therefore, the flood of untenable alleged causes had full sway in those countries.
What to read after Industrial Depressions; Their Causes Analysed And Classified With a Practical Remedy for Such As Result From Industrial Derangements; Or, Iron the Barometer of Trade?
You can find similar books in the "Read Also" column, or choose other free books by George Huntington Hull to read onlineMoreLess
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