Abstract

Prosperity-Believe It or Not: I. What Is Prosperity?
Chase, Stuart | October 23, 1929 issue

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In the year 1906 the Secretary of the Treasury of the U.S. was publicly praying that the country be delivered from more prosperity. That his prayers were in order was evidenced by the glorious crash in the following year-the profound business depression of 1907. The present era, 1922 to 1929, marks the fifth great period of business prosperity in the history of the Republic. The first began just over a century ago, in 1825, following the recovery from the Napoleonic wars, and the revival of world trade. A tide of settlers from the East rolled over the Appalachians to the fat lands of the Middle West.

See Also:

UNITED States -- Economic conditions; INTERNATIONAL trade; BUSINESS conditions; ECONOMIC history; INTERNATIONAL economic relations; UNITED States
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