THE DEPRESSION
GOST TO AMERICA OFFICIAL ANALYSIS Press Association—By Telegraph—Copyright NEW~YORK, June 10. (Received June 11- at 9 a.m.) The National Industrial Conference Board has issued an analysis of official data indicating that the three years’ depression—l93o to 1932—cost the American people 108 billion dollars. Business proprietors and investors lost nearly two-thirds of this sum, and employees over one-third. Taking the income level of 1929 as a basis, the total loss to employees in wages and salaries exceeded 37 billions. Losses from rents, royalties, interest, and dividends totalled 47.4 billions, and business losses and reduced assets of individual proprietors and' corporations were 23.2 billions. The amount of national income paid to employees fell by 40.3 per cent., while other than labour income declined 74.1 per cent, in the period when the produced national income fell off 52.6 per cent.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/ESD19340611.2.80
Bibliographic details
Ngā taipitopito pukapuka
Evening Star, Issue 21743, 11 June 1934, Page 9
Word count
Tapeke kupu
139THE DEPRESSION Evening Star, Issue 21743, 11 June 1934, Page 9
Using this item
Te whakamahi i tēnei tūemi
Allied Press Ltd is the copyright owner for the Evening Star. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence. This newspaper is not available for commercial use without the consent of Allied Press Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Log in