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
+----------------------+-----------++----------------------+-----------+
| Years. Individuals. | Percents || Years. Individuals. | Percents |
| | in Cities.|| | in Cities.|
+----------------------+-----------++----------------------+-----------+
| 1790 3,929,214 | 3.35 || 1850 23,191,897 | 12.49 |
| 1800 5,308,463 | 3.97 || 1860 31,443,321 | 16.13 |
| 1810 7,239,881 | 4.93 || 1870 38,588,371 | 20.93 |
| 1820 9,633,822 | 4.93 || 1880 50,155,783 | 22.57 |
| 1830 12,866,020 | 6.72 || 1890 62,622,250 | 29.20 |
| 1840 17,069,453 | 8.52 || 1897 71,551,571 | [146] |
+----------------------+-----------++----------------------+-----------+
The preceding table shows that, from 1891 to 1897 inclusively, the
population of the United States increased by about 8,929,321
individuals, or, distributing this [SN: INCREASE OF POPULATION.] number
over seven years, the increase will be 1,250,000 souls in each
successive year. And the approximate proportions of this increase
indicate that every year about 105,665 new families were reproduced by
the 5,246,334 families that hire their homes; and about 31,698 by the
1,624,765 families that hire their farms, leaving out here the
propertied. And the heritage of these 137,363 newly formed families
under the conditions is to be homeless and landless subjects of
dividogenesure, even as their unfortunate parents are. For scarcely any
of them could acquire property and thus escape paying rent.
If then we conclude that the one set of the newly born families
consisted of the tenants of rentable [SN: RENT PAID FOR HOUSES.] homes,
while the other of the tenants rentable farms, we must admit that they
paid at least the same average rents for homes and farms as their
parents did. Therefore, the first set per family paid $9.50 a month as
follows:
Table of the House Rent Paid.
105,665 families in 7 years paid $ 84,320,670
105,665 families in 6 years paid 72,274,860
105,665 families in 5 years paid 60,229,050
105,665 families in 4 years paid 48,183,240
105,665 families in 3 years paid 36,137,430
105,665 families in 2 years paid 24,091,620
105,665 families in 1 year paid 12,045,810
------- ------------
739,655 Total $337,282,680
Thus the homeless families of the year 1891 paid the largest amount of
the house rents up to the [SN: RENT PAID FOR FARMS.] end of 1897.
Meanwhile the other yearly additions of the new families paid less and
less, on account of having been younger in age. The number of the
increased families renting houses, then, was 739,655, and the total of
the rent they paid was $337,282,680.
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