L' economia italiana dal 1919 al 1929

The stock market crash - and after

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Monograph

Identifikator:: 1831005247

URN:: urn:nbn:de:zbw-retromon-221436

Document type:: Monograph

Title:: L' economia italiana dal 1919 al 1929

Place of publication:: Roma

Publisher:: Amministrazione Presso la Rivista Internazionale "Metron", Istituto di Statistica della R. Università

Year of publication:: 1930

Scope:: XXII, 165 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Tavole statistiche degli indici del movimento economico italiano dal 1919 al 1929

Collection:: Economics Books

Relief in Seven Years of Stable Money 195 worker which we find has actually occurred. They also account for the suddenness of this increase, and its rapid rate. The leap upward in productivity began even in the depression year 1921, and behind some of our six causes by two or three years. This was no more than to be expected. The un- paralleled advance in “tempo” of production and trade was synchronous with the other causes. The organized advance of scientific research and inven- tion and in management engineering grew out of the war; it began about 1918-1920, and was followed by the change in labor policy which became official when William Green succeeded the late Samuel Gom- pers as President of the American Federation of Labor in 1924. The bewildering multiplication of mergers began after the war, and increased with the advent of President Coolidge in 1923. National prohibition took effect in 1920, and the open market committee of the Federal Reserve Board began to function in 1922 in a way to stabilize the general level of wholesale prices. Here are six causes, each powerful in itself, and all beginning at or just before the great increase in the rate of productivity, and so of corporate earn- ings, which has been so marked during the present decade. The prime factor making for prosperity from 1922 to 1927, inclusive, is thus defined by the Report on Recent Economic Changes (page 862): “The old process of putting science into industry has been followed more intensively than before; it has been supplemented by tentative efforts to put

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