Economic view from 1957 and before
From time to time we will run columns by former publisher Jerry Robinson. We go through the archives to find suitable content for our present day readers. Jerry passed away in May of 2014 after more than 60 years as owner/publisher of this newspaper.
Nobody has ever given us a clear picture of why we have boom and bust cycles in the economy of the United States but the fact remains that we do have them and will probably continue to have them.
We were discussing this situation with one of our readers the other day when he suddenly remembered a clipping he had been carrying around in his wallet for the past nine years that pertained to the subject.
It was a chart of the economic cycle of the United States. It appeared in the Minneapolis Tribune in 1946. According to the Trib writer, the chart was first made prior to the Civil War. The original was found in an old desk drawer in Philadelphia in 1902.
We have no way of knowing, of course or of verifying this fact but careful scrutiny of the chart, which we have reproduced here, will reveal some startling statisticsMore ›