Advertisement

Abstract

The World's Economic Crisis

Hobson, J. A. | July 20, 1932 issue

add to cart close window

The article focuses on the world's economic condition in 1932. The whole world suffered from a failure of the purchasing power of consumers to keep pace with the increasing power of production in most branches of industry and agriculture. The insufficient rate of consumption was not due primarily to any insufficiency of money income. For normally in all processes of production the money costs, currently paid out as wages, salaries, rent, interest, profit, are sufficient to buy the whole product. It is generally admitted that the richer classes can and do save a larger proportion of their incomes than the poorer classes.

See Also:

ECONOMIC history; PURCHASING power; INDUSTRIES; AGRICULTURE; INCOME; WAGES

Articles are sold in 'packs,' which are priced as follows:

1 for 2.95
4 for 9.95
10 for 19.95
50 for 34.95
300 for 149.95

Sales of archive individual articles, full issues or article packs are final and no refunds will be issued.

Access for libraries

1860s, 1870s, 1880s, 1890s, 1900s, 1910s, 1920s, 1930s, 1940s, 1950s, 1960s, 1970s, 1980s, 1990s, 2000s

H.L. Mencken, "An Eminent American," July 11, 1923.

My Articles

You must be logged in to view your articles.

I don't have a login.

I forgot my user name/password.

Advertisement

Most Read
Most Emailed
Popular Topics

» In the Shadow of Hoover
» Filibustering the Public
» Slide Show: Enemies of Health Reform
» Slide Show: The Far-Right Fringe
» Red Scare, Black Scare
» How the US Funds the Taliban
» The China Debt Dance
» Tell The Nation: Recession Stories
» Slide Show: The Palin Saga
» The Palin Effect
» Gladwell for Dummies
» Round Two: The Coming Battle Over Abortion Funding
» The Fifty-Year War
» Travels by Taxi

Advertisement

» The Beat

Another Helping of FDR Please | Obama should follow the New Deal president's example and make his Thanksgiving Proclamation a call for economic justice.
John Nichols
36 Comments

» Editor's Cut

Filibuster Follies | "The filibuster has become a cancer growing inside the world's greatest deliberative body."
Katrina vanden Heuvel
76 Comments

» The Notion

Bad Black Mothers | For African American women, reproduction has never been an entirely private matter.
Melissa Harris-Lacewell
92 Comments

» Act Now!

Coal Country | Stunning film reveals new dimensions to the cost of America's over-reliance on coal.
Peter Rothberg
107 Comments

» The Dreyfuss Report

A Kingdom of Bicycles No Longer | China's ambassador for climate change speaks on the eve of the Copenhagen summit meeting.
Robert Dreyfuss
58 Comments