The impending crisis : $b conditions resulting from the concentration of wealth in the United States — John Shaqi
The impending crisis : $b conditions resulting from the concentration of wealth in the United StatesBouroff, Basil A.
History
The impending crisis : $b conditions resulting from the concentration of wealth in the United States
Bouroff, Basil A.
Trusts, Industrial; United States -- Economic conditions; Wealth
But before proceeding to compare the main tables of statistics, it will
be well to show what the wealth of the nation in 1890 consisted of.
Accordingly, the table on the next page represents eight items into
which the wealth was classified. And it represents the summary of all
kinds of wealth that was found existing in the United States in the year
of the 11th census. While the next table, following it, represents the
history of the accumulation of wealth, by application of the labor
energy of the people upon various resources of land.
STATISTICS OF WEALTH.
“The census valuation of real and personal property in the United States
(Alaska excluded) in 1890[27] was prepared by J. K. Upton,” as follows:
Table of Wealth.
-------------------------------------+---+-----------------
Real estate with improvements | |
thereon | 1 | $39,544,544,333
| |
Live stock of farms, farm implements | |
and machinery | 2 | 2,703,015,040
| |
Mines and quarries, including | |
product on hand | 3 | 1,291,291,579
| |
Gold and silver coin and bullion | 4 | 1,158,774,948
| |
Machinery of mills and product | |
on hand, raw and manufactured | 5 | 3,058,593,441
| |
Railroads and equipments, including | |
street railroads | 6 | 8,685,407,323
| |
Telegraphs, telephones, shipping | |
and canals | 7 | 701,755,712
| |
Miscellaneous | 8 | 7,893,708,821
-------------------------------------+---+-----------------
Total (United States) | $65,037,091,197
-----------------------------------------+-----------------
Accumulation of Wealth.
+--------+-----------------------+--------------------+
| Years. | Aggregates of wealth. | Per capita wealth. |
+--------+-----------------------+--------------------+
| 1850 | $ 7,135,780,228 | $ 308 |
| 1860 | 16,159,616,068 | 514 |
| 1870 | 30,068,518,507 | 780 |
| 1880 | 43,642,000,000 | 870 |
| 1890 | 65,037,091,197 | 1,036[28] |
+--------+-----------------------+--------------------+
Public-domain text, read in full here on John Shaqi.
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