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The Iron Age 1930-10-30: Vol 126 Iss 18

1930 Reed Business Information US

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THE IRON New York, October 30, 1930 ESTABLISHED 1855 Business Preparedness the Order the Day NDUSTRY has passed through the cycle hope, disappointment, disillusionment and resignation. The current depression was first mistaken for mere recession, such occurred 1924 and 1927. This error was not prevented industry’s schooling statistics following the business collapse 1921. the contrary, chart consciousness encouraged the belief that organized effort could warp the curve the business cycle into the direction recovery. was with this end view that captains industry were rallied under Presidential leadership, but, when the results their united action failed measure with expectations, dawned upon the country that was facing mean downturn business, and that the lessons index numbers had not been well learned. became clear that not enough attention had been paid excesses busi- ness that had been obscured stock market speculation. But may well that this realization was belated; the Washington conferences, though falling short their objective, never- theless cushioned the shock the Wall Street crash. A. sobering influence unfulfilled ex- Mills and factories are beginning depend self-help—the…

Citation

The Iron Age 1930-10-30: Vol 126 Iss 18. Reed Business Information US. 1930.