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 IV. The Threat to Business

Collection:: Economics Books

The Threat to Business C57 wrong with business, and that if it were not so, these meetings would be useless and would not be called. But it is certainly highly important to keep business moving steadily, in order to prevent the demand for goods from slowing down too much, and also to enable the customer to keep up his payments on in- stallment purchases. If the Washington conferences really have the effect of maintaining a little more steadiness and activity in business they will probably be worth while.” As President Hoover himself has said, action counts, not words. Of necessity the Washington conferences dealt chiefly in words, because the action following their deliberation required a great deal of time before the moneys pledged for industrial pro- grams could be applied. For the most part the coun- try must take the situation as it is, with an undoubted record in business recession, already achieved. but also with many elements of reassurance. Evidence of Dislocation There are already evidences of some recession, the roots of which were in the declines of automo- bile production and building before the crash. These declines have doubtless been accentuated by the crash, but they represent a natural slowing down in these industries due to the fact that the public is nearer the “saturation point.” After the war there was a great dearth of building, and the attempt to fill the void led to a building boom which had largely spent itself during 1929. It is quite possible, indeed

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