The Trust Problem
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In our eReader you can find the full English version of the book. Read The Trust Problem 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 Trust Problem
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To quickly assess the difficulty of the text, read a short excerpt:
The awakening to the new situation came very suddenly.
In April the chairman of the American Steel and Wire Co.
suddenly ordered a shutdown of a number of mills of that company, and, in addition to that, gave expression to a number of pessimistic opinions regarding the state of the steel trade, saying that he thought the trade was in a very dangerous condition. Naturally, sharp declines in prices followed not merely in nails, but in smooth wire, barb wire, and in all other lines of products. Th...e de- clines were followed promptly by others, and yet there was a decided stagnation in the market. The decline in steel billets, that had begun in the latter part of 1899, continued through most of the year 1900. The large profits shown in wire nails declined promptly; but, as the price of steel billets continued to go down after 166 THE TRUST PROBLEM the fall in the price of nails was checked, the margin rose again and continued high until the increasing price of steel billets in 1901 and 1902 brought the margin back again to about the position where it had been after the breaking of the nail pool in 1896, and before the formation of the steel and wire company in 1899.
What to read after The Trust Problem?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The awakening to the new situation came very suddenly.
In April the chairman of the American Steel and Wire Co.
suddenly ordered a shutdown of a number of mills of that company, and, in addition to that, gave expression to a number of pessimistic opinions regarding the state of the steel trade, saying that he thought the trade was in a very dangerous condition. Naturally, sharp declines in prices followed not merely in nails, but in smooth wire, barb wire, and in all other lines of products. Th...e de- clines were followed promptly by others, and yet there was a decided stagnation in the market. The decline in steel billets, that had begun in the latter part of 1899, continued through most of the year 1900. The large profits shown in wire nails declined promptly; but, as the price of steel billets continued to go down after 166 THE TRUST PROBLEM the fall in the price of nails was checked, the margin rose again and continued high until the increasing price of steel billets in 1901 and 1902 brought the margin back again to about the position where it had been after the breaking of the nail pool in 1896, and before the formation of the steel and wire company in 1899.
What to read after The Trust Problem?
You can find similar books in the "Read Also" column, or choose other free books by Jenks Jeremiah Whipple to read onlineMoreLess
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