Herbert Hoover: The Man and His WorkKellogg, Vernon L. (Vernon Lyman)
History
Herbert Hoover: The Man and His Work
Kellogg, Vernon L. (Vernon Lyman)
Hoover, Herbert, 1874-1964; World War, 1914-1918 -- Food supply
--------------------------------------
| | Per Cent
| Bank Deposits | Change
Year | Total | from 1913
--------------------------------------
1913 | 11,390,918,596 | 100.0
1914 | 11,974,760,593 | 105.1
1915 | 12,282,097,638 | 107.8
1916 | 15,398,090,701 | 135.2
1917 | 18,444,103,496 | 161.9
1918 | 20,425,067,839 | 179.3
1919 | 24,971,784,000 | 219.2
--------------------------------------
It will be accepted at once that the volume of bank deposits must grow
with increased commodity production and therefore we may roughly examine
into this as well. If we combine the tonnage productivity of
agriculture, metals, coal, salt, cement, lumber and the quarries, we
shall cover the great bulk of our products. These figures also must be
taken as merely indicating the tendencies of the times.
-------------------------------------
| | Per Cent
| Production | Change
Year | in Tons | from 1913
-------------------------------------
1913 | 1,081,293,417 | 100.0
1914 | 1,019,018,207 | 94.2
1915 | 1,073,472,988 | 99.3
1916 | 1,162,489,530 | 107.5
1917 | 1,241,173,806 | 114.8
1918 | 1,247,787,883 | 115.4
1919 | 1,117,181,233 | 103.3
-------------------------------------
If we attach the index of prices during these periods and compare them
with the per cent variation in commodity production and bank deposits,
we have the following interesting parallels:
------------------------------------------------------
| | | Department
| Per Cent | Per Cent | of Labor
| Change in | Change in | Wholesale
| Production | Bank Deposits | Index
Year | from 1913 | from 1913 | of All
| | | Commodities
------------------------------------------------------
1913 | 100.0 | 100.0 | 100.0
1914 | 94.2 | 105.1 | 99.3
1915 | 99.3 | 107.8 | 100.5
1916 | 107.5 | 135.2 | 120.5
1917 | 114.8 | 161.9 | 175.9
1918 | 115.4 | 179.3 | 196.6
1919 | 103.3 | 219.2 | 214.5
------------------------------------------------------
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account