The Department of Commerce published its Commerce Year Book (for 1924) and Herbert C. Hoover wrote the preface.
His theme was: The American people have little right to complain about our economic situation during the year 1924.
He particularized:
Transportation Increasing efficiency.
Building Construction Largest volume in history.
ShippingImproving but not yet stable.
Bituminous CoalDifficulties due to overexpansion.
AgricultureBetter prices tending up to the general level of commodity prices.
Foreign Trade10% increase in exports ; 5% increase in imports.
Production60% (by volume, not prices) greater than in 1914, accompanied by an increase of 50% in...
