Railways And Agriculture, 1900-1910
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The purchasing power of the receipts from 1,000 ton-miles has fallen from 100 in 1900 to 86.7 in 1910, a de- crease of 13.3 per cent; the purchasing power of the receipts from 1,000 passenger-miles has fallen from 100 in 1900 to 81.2 in 1910, a decrease of 18.8 per cent. These statistics have reference to pur- chasing power in general — i. e., power to purchase all commodities.
When specific groups of commodities are considered, such as food, clothing, and the like, it is perceived that the pur...chasing power of the various crops indicated largely increased during the decade, while the power of the receipts from ton-miles and passenger- miles to purchase these same commodities with but one exception decreased.
The increase in the purchasing power by crops of transportation is of course explained by the fact that in contrast to the rapid in- crease in the average value of farm products during the period, there has been no more than a slight variation in average receipts per ton-mile and in average receipts per passenger-mile.
What to read after Railways And Agriculture, 1900-1910?
You can find similar books in the "Read Also" column, or choose other free books by Association of American Railroads. Bureau of Railway Economics to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The purchasing power of the receipts from 1,000 ton-miles has fallen from 100 in 1900 to 86.7 in 1910, a de- crease of 13.3 per cent; the purchasing power of the receipts from 1,000 passenger-miles has fallen from 100 in 1900 to 81.2 in 1910, a decrease of 18.8 per cent. These statistics have reference to pur- chasing power in general — i. e., power to purchase all commodities.
When specific groups of commodities are considered, such as food, clothing, and the like, it is perceived that the pur...chasing power of the various crops indicated largely increased during the decade, while the power of the receipts from ton-miles and passenger- miles to purchase these same commodities with but one exception decreased.
The increase in the purchasing power by crops of transportation is of course explained by the fact that in contrast to the rapid in- crease in the average value of farm products during the period, there has been no more than a slight variation in average receipts per ton-mile and in average receipts per passenger-mile.
What to read after Railways And Agriculture, 1900-1910?
You can find similar books in the "Read Also" column, or choose other free books by Association of American Railroads. Bureau of Railway Economics to read onlineMoreLess
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