Sketches of the Late Depression; Its Cause, Effect and Lessons

Download or read book Sketches of the Late Depression; Its Cause, Effect and Lessons written by William Wickliffe Johnson and published by Forgotten Books. This book was released on 2017-10-11 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Sketches of the Late Depression; Its Cause, Effect and Lessons: With a Synoptical Review of Leading Trades During the Past Decade The downfall of several houses of the mushroom type of growth, of weak and uncertain antecedent record, with little claim to consideration in any sense, yet who had managed to work up large turnovers of business through the overweening credit-confidence of the time, was the earliest result of an almost unparalleled inflation. These failures were followed by the stoppage of a few sounder interests, and by the attempted contraction of business in more conservative quarters, until the advent of an extended term of depression became fully patent. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.