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Abstract

Prosperity-Believe It or Not: VII-Balancing the Books

Chase, Stuart | January 8, 1930 issue

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The author says that The onion represents the total economic life of the United States. The heart of the onion is prosperity. First, people must strip off all the States not included in the Middle Atlantic, East North Central, and Pacific States. The National Bureau of Economic Research finds that by and large they have not prospered. Second, in the prosperous belt, they strip off most of the farmers, they have not prospered. Third, people strip off a large section of the middle class. The small business man, the independent storekeeper, the wholesaler, many professional men and women, have failed to keep income on a par with the new standard of living.

See Also:

BUSINESS enterprises; MIDDLE class; ONIONS; SMALL business; BIG business; SOCIAL classes; INCOME; UNITED States

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

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

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