Those who anticipate a steady long term business recovery, possibly extending over two or three years, point to a combination of factors favouring continued expansion.
These include a strong financial situation, a tremendous potential credit supply, substantial reductions in inventories of manufacturers and distributors, a domestic political situation that has improved materialty with respect to business, a better European outlook, and signs of peace within the labour movement.
The gold. supply of the United States is now more than three times that of 1929. In addition, the huge supply of myallable credit at low rates has the greatest opportunity for employment in history, as the result of obsolescence, increased technical improvements and population growth during recent depression years, Business during the Roosevelt administration has protested that it was hampered by continuous fears of further regulatory legislation or Government competitions, and by strikes and other labour disturbances. Both of those barriers to improvement appear at least partially lowered.
Text read from the printed page and cleaned; old type leaves the occasional error.