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A Progress Report on Recovery

A Progress Report on Recovery VICTOR S. VON SZOLISKI N DISCUSSING progress under the National it had fallen to between eleven and twelve Industrial Recovery Act, I shall first deal million persons. with employment, the extent to which we I think it will help a little if we put that have recovered from the depression, the in terms of index numbers. Starting out size of the dent we have made in it, how with the 1929 aver:age as 100, the aggrega­ many have been reemployed. Under the tive index which we have prepared moved heading of payrolls, I shall have much the as follows: 90 in 1930, 75 in 1931, 65 in same facts to relate, but stated in the terms 1932, and 58 in March of 1933. That was of dollars and in a little more detail. I shall the nadir of the depression, and at that point want to speak of the national income and we had lost 42 per cent of the 1929 average. of the place of the banks in furnishing in­ Since then, the monthly index has climbed come. Thirdly, on purchasing power. Since as follows: Starting with 58 in March, it purchasing power is simply the result of http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Marketing Journal SAGE

A Progress Report on Recovery

von Szoliski, Victor S.
American Marketing Journal , Volume amj-1 (1): 4 – Jan 1, 1934
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Publisher
SAGE
Copyright
© 1934 American Marketing Association
ISSN
0193-1806
eISSN
1547-7185
DOI
10.1177/002224293400100109
Publisher site
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Abstract

VICTOR S. VON SZOLISKI N DISCUSSING progress under the National it had fallen to between eleven and twelve Industrial Recovery Act, I shall first deal million persons. with employment, the extent to which we I think it will help a little if we put that have recovered from the depression, the in terms of index numbers. Starting out size of the dent we have made in it, how with the 1929 aver:age as 100, the aggrega­ many have been reemployed. Under the tive index which we have prepared moved heading of payrolls, I shall have much the as follows: 90 in 1930, 75 in 1931, 65 in same facts to relate, but stated in the terms 1932, and 58 in March of 1933. That was of dollars and in a little more detail. I shall the nadir of the depression, and at that point want to speak of the national income and we had lost 42 per cent of the 1929 average. of the place of the banks in furnishing in­ Since then, the monthly index has climbed come. Thirdly, on purchasing power. Since as follows: Starting with 58 in March, it purchasing power is simply the result of

Journal

American Marketing Journal – SAGE

Published: Jan 1, 1934

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