Rising Costs of Living

Cover Rising Costs of Living
Rising Costs of Living
O Fred Oswald Fred Boucke
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The average man's food supply probably never had been so great. Labor in farm and forest gave the richest returns, and national wealth in- creased in proportion. But gradually there came a change.
The surplus of energy and goods found an outlet in industry. For- eign trade furnished the technical means of machinofacture quickly, besides stimulating a flow of capital from Europe to the New World. Thus national development was secured on a grander scale than ever, but with some novel effects.
1 A
...bstract of Census of 1910, pp. 281, 282. See also Census 1910, vol. 4, p. 41, and Statistical Abstract, 1911, pp. 732-33.
RISING COSTS OF LIVING During the period 1890 to 1910 our population increased 47%, its wealth at least 150%, imports over 100%, exports 140%, while still more impressive gains were registered in industrial output, bank- clearings, railroading, etc. 2 Expressed in dollars and cents, then, the social divi- dend rose to figures never heard of before. But the crucial fact is, first, that measured by weight and volume production grew also, and secondly that not all classes of goods gained equally.


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