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

Scientific Research and Invention 131 The very names of many of the standard stocks on the Stock Exchange symbolize this new inventive and scientific era; as, for instance, the radio, air- plane and motion picture stocks, such as Radio Cor- poration, Curtiss-Wright, and Fox Films. A vast number, whose names are not so indicative, are just as definitely founded on new inventions—such as Maytag and Remington-Rand, while a still larger number, while of older vintage, such as American Telephone and Telegraph, General Electric, Allied Chemical and Dye, and Johns-Manville, have re- cently transferred or added to their processes new inventions. A whole group of companies are exploiting inven- tions for the supremely important purpose of increas- ing power and effecting mergers on the basis of economies achieved through these inventions. Mar- tin J. Insull, the Chicago power magnate, states that as a consequence of the added power which inven- tion has contributed to industry, the forty-five and one-half million workers in the United States have achieved an output equivalent to from six hundred million to nine hundred million workers before the power era. Greater Productivity Per Unit By the enterprise of Mr. Insull, who is a chief executive of the electric power companies distributing power over sections of the Middle West, a flood of light is poured upon a main cause of America’s recent prosperity. This appears in a study entitled

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