The stock market crash - and after

Bibliographic data

Monograph

Identifikator:: 1815583320

URN:: urn:nbn:de:zbw-retromon-204544

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The stock market crash - and after

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1930

Scope:: XXVI, 286 S.; graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Scientific Research and Invention

Collection:: Economics Books

126 The Stock Market Crash—And After of the invention of synthetic rubber derived from the common goldenrod is a triumph of organized research. Even at its comparatively high cost this invention of rubber would have checked the exactions of the foreign rubber monopolists and defeated the British plan for restriction of rubber output had it been brought out when Mr. Hoover, then Secretary of Commerce, was inveighing against their monop- oly. Mr. Edison’s researches with the object of further cheapening synthetic rabber are in process; in this his great staff may yet achieve another tri- umph that will be reflected in added economies and higher values of securities of the rubber industry. The life of Edison really links the past, when science was scarcely appreciated, to the present when it is almost idolized. He was the first conspicuous professional inventor. The chief significance of this recent celebration of Edison by the world is not in his own singular contribution to progress, but in the extent of the appreciation of invention by the public. This change, most of which has occurred since the war, and a great part of which has occurred during the time when prices doubled during the long bull market, is reflected in the congestion and recon- gestion in the Patent Office. Under Mr. Hoover, when he was Secretary of Commerce, the Patent Office had been reorganized in order to catch up with its work. But by the end of the fiscal year 1928- 1929, the Commissioner of Patents reported that the “number of cases now awaiting action (103,236)

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