Prosperity: Fact or Myth

Prosperity: Fact or Myth

Prosperity: Fact or Myth

Prosperity: Fact or Myth

Excerpt

This book was written and in the printer's hands before the stock market crash of October, 1929. Fortunately it does not deal with stock markets, but with more tangible matters. Also fortunately I have indulged in no prophecies, but have first sketched the history of the current epoch, and second, attempted to assess it in human terms. My main concern has been to find out what this period of alleged prosperity has meant to the man on the street, and to his family.

As I reread the printer's proofs, I can find almost nothing affected by the spirited attempt of the Stock Exchange to give the country back to the Indians. The inflated values of September 1929 were made the text for a few references as to the danger of a collapse (I had no idea when it might come), and to the share of the owners as against other classes in the national income. These references have been revised, and here and there I have changed a tense or two.

No further editing by virtue of the somersaults in Wall Street, is, I believe, necessary. If the deflation of paper values carries over into the general commercial field, bring-

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