The stock market crash - and after

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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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Scientific Research and Invention

Collection:: Economics Books

134 The Stock Market Crash—And After the first to discern the possibilities of the network of more than one hundred thousand miles of high voltage electric power lines, distributing energy over a large part of the United States, and making it an asset, not only in the big cities, but available at almost any point on the map. To this Mr. Tripp added the advantages of improved transportation— the faster rail service, the automobile and the high- way systems, all of which made transportation flexi- ble as well as more speedy. These causes work together to explain why the present gain in number of industrial wage earners is vivifying, as it were, the extremities of the nation, in the towns of less than 10,000 population. The smaller communities are living richer lives. They have better schools, they have built new highways. Nearly every family owns a car. Its members visit the metropolitan centers, but they return to the “open spaces” with all the amenities of the city. The amount of primary factory power applied through electric motors has increased from 5 per cent in 1899 to 39 per cent in 1914, and to 78 per cent in 1927. The increase exceeds one-fifth since 1919. By the same speeding process the motor car has increased prosperity and added to expectations of gains in real income. It has created the modern suburb, freeing it from the limited area around the railroad station. At the beginning of 1929 there were 5,426,900 motor vehicles on farms. Of these, 697,300 were motor trucks, and 4,729,600 were

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