Human Equipment Its Use And Abuse
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Then came the crash : a slight disturb- ance of business confidence, due to minor causes, such as a few striking bank fail- ures, and the panic was on. Money disappeared from circulation; the de- mand for manufactured articles dropped away down; mercantile and industrial concerns were crippled or compelled to suspend operations. The reckless pur- chasers of automobiles, referred to above, in some instances had not money enough to buy gasoline with which to run their machines, while the mortgage...s on their homes were being foreclosed. From the powerful the pressure de- scended rapidly to the poor, until the lessened activity forced thousands out of employment and left them and their families stranded in misery and want. People everywhere exclaimed: "How terrible the loss of public confidence! Let everybody shout for good times.
Human Equipment 45 We need a new currency law that will furnish an expansive medium of ex- change and keep money in circulation. " It is true, that in our complicated in- dustrial life the currency problem is an important one, requiring the best brains of economists and statesmen for its progressive solution; but in relation to the deeper issues involved in such a con- dition of business paralysis it is the merest incident.
What to read after Human Equipment Its Use And Abuse?
You can find similar books in the "Read Also" column, or choose other free books by Griggs, Edward Howard, 1868-1951 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Then came the crash : a slight disturb- ance of business confidence, due to minor causes, such as a few striking bank fail- ures, and the panic was on. Money disappeared from circulation; the de- mand for manufactured articles dropped away down; mercantile and industrial concerns were crippled or compelled to suspend operations. The reckless pur- chasers of automobiles, referred to above, in some instances had not money enough to buy gasoline with which to run their machines, while the mortgage...s on their homes were being foreclosed. From the powerful the pressure de- scended rapidly to the poor, until the lessened activity forced thousands out of employment and left them and their families stranded in misery and want. People everywhere exclaimed: "How terrible the loss of public confidence! Let everybody shout for good times.
Human Equipment 45 We need a new currency law that will furnish an expansive medium of ex- change and keep money in circulation. " It is true, that in our complicated in- dustrial life the currency problem is an important one, requiring the best brains of economists and statesmen for its progressive solution; but in relation to the deeper issues involved in such a con- dition of business paralysis it is the merest incident.
What to read after Human Equipment Its Use And Abuse?
You can find similar books in the "Read Also" column, or choose other free books by Griggs, Edward Howard, 1868-1951 to read onlineMoreLess
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