The Trade Slump
Book details
- Title
- The Trade Slump
- Publication year listed
- 1921
- Format
- Public domain eBook
- Reading access
- Free online reader; no registration required
- Source record
- View on Archive.org
About this book
The Trade Slump
Author: Arthur Kitson
Year: 1921
The Trade Slump By Arthur Kitson February 1921, The English Review THE present trade slump is not an entirely surprising or unexpected event to certain people. It had been predicted by two or three writers and economists, and particularly by certain financiers more than a year ago, when business was booming, and when there seemed a long period of prosperity before us. I myself ventured to prophesy over four years ago what would happen, but I made the fulfilment of this prophecy conditional upon the adoption of a certain financial policy, a policy which the great money‐lenders were threatening to re‐establish. Two or three professors also gave reasons Why we must expect a long period of business disaster. But they, like their employers the financiers, and like the boy who, having ignited the fuse of a fire‐cracker, said there was soon going to be an explosion, were prophesying on what they knew to be “a sure thing.” Apart from these instances, it is both amusing and amazing to read the varied reasons offered by our journals‐reasons which have no earthly connection with the subject. We are told by one of our City editors that trade moves in cycles, and a period of trade depression is