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

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XI. The Dividends of Prohibition

Collection:: Economics Books

The Dividends of Prohibition 177 much to say against the ruinous quality of available liquor. Whatever the ill effects of such liquor may be, there was practically no testimony that it had tended to reduce productivity.” An important detail of the economic gains result- ing from prohibition is supplied in the testimony of Joseph E. Gilbert, builder of many of New York's tall structures, in a report of his address to the mem- bers of a building firm, published by the New York Times, January 20, 1929. Mr. Gilbert is quoted: “With the coming of prohibition, it was believed in many quarters that the throwing of so many saloon corners on the market would cause a sharp decline in values, which would also have a bad effect on other properties. Such, however, has not been the case. We found that saloons were not the only class of business desirous of obtaining corner loca- tions and paying well for them. Today the value of practically every corner formerly used for dispensing liquor has increased from two to four times.” No Economist Denies Gains So much for the physiological testimony as to the impairment produced by even moderate amounts of alcohol affecting the efficiency of workmen. As for the testimony of economists, Prohibition Commis- sioner Doran recently issued a statement that he had failed to find any economist who would gainsay that prohibition has been a vast help to welfare in the United States. I can verify this testimony. I was requested by the then President of the American

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