The Federal Reserve Monster
The Federal Reserve Monster
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In our eReader you can find the full English version of the book. Read The Federal Reserve Monster 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 The Federal Reserve Monster
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In 1921 there were 19, 625 business failures as compared with 6, 451 in 1919, or an increase of 13, 174 more than three for one. And the lia- 62 TRAGEDY OF DRASTIC DEFLATION bilities reached the stupendous total of $627, 401, - 000, an increase of $514, 000, 000 over 1919, more than five for one. In the so-called panic year of 1907, the high tide of business failures, liabilities were only $122, 000, 000, as against $627, 000, - 000 in 1921. Why, if 1907 was a "panic year, " 1921 was a pandemic... year!
And here is another destruction meter, abso- lutely infallible the suicides. In the first six months of 1921 there were 4, 527 men suicides, as against 1, 810 for the same period in 1920; 1, 982 women as against 961 ; 214 boys as against 88 and 293 girls as against 1377, 016 suicides for the first six months of 1921 as against 2, 996 for the same period of 1920. The enormous increase in men suicides over two and one-half for one tells its own story. They came from all classes, bankers, merchants, farmers, laborers and profes- sional men.
What to read after The Federal Reserve Monster?
You can find similar books in the "Read Also" column, or choose other free books by Sam H Ed Clark to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
In 1921 there were 19, 625 business failures as compared with 6, 451 in 1919, or an increase of 13, 174 more than three for one. And the lia- 62 TRAGEDY OF DRASTIC DEFLATION bilities reached the stupendous total of $627, 401, - 000, an increase of $514, 000, 000 over 1919, more than five for one. In the so-called panic year of 1907, the high tide of business failures, liabilities were only $122, 000, 000, as against $627, 000, - 000 in 1921. Why, if 1907 was a "panic year, " 1921 was a pandemic... year!
And here is another destruction meter, abso- lutely infallible the suicides. In the first six months of 1921 there were 4, 527 men suicides, as against 1, 810 for the same period in 1920; 1, 982 women as against 961 ; 214 boys as against 88 and 293 girls as against 1377, 016 suicides for the first six months of 1921 as against 2, 996 for the same period of 1920. The enormous increase in men suicides over two and one-half for one tells its own story. They came from all classes, bankers, merchants, farmers, laborers and profes- sional men.
What to read after The Federal Reserve Monster?
You can find similar books in the "Read Also" column, or choose other free books by Sam H Ed Clark to read onlineMoreLess
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