The Wealth and Income of the People of the United States

By Willford Isbell King | Go to book overview

CHAPTER III
CHANGES IN THE SOCIAL WEALTH OF THE AMERICAN PEOPLE

SINCE we cannot measure the absolute utility of the, wealth possessed at different dates by the people of the United States, we must seek for the best available criteria which may be used as approximate yard- sticks or standards of measurement. The latest official figures available give the following estimates of the money value of the economic wealth of the American people.


TABLE I
THE MONEY VALUE OF THE ECONOMIC GOODS POSSESSED BY
THE PEOPLE OF THE CONTINENTAL UNITED STATES.1
Year.Total Amount.Amount per Capita.
1850$ 7,135,780,000$ 307.69
186016,159,616,000513.93
187030,068,518,000779.83
188043,642,000,000870.20
189065,037,091,0001,035.57
190088,517,307,0001,164.79
1904107,104,212,0001,318.11

These figures indicate a tremendous growth in the possessions of the people, even when considered from the per capita standpoint. Before we can arrive

____________________
1
Statistical Abstract of the United Stated for 1913, p. 628; excludes Alaska and the island possessions

-13-

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