National Affairs: Commerce Year Book

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.

Shipping—Improving but not yet stable.

Bituminous Coal—Difficulties due to overexpansion.

Agriculture—Better prices tending up to the general level of commodity prices.

Foreign Trade—10% increase in exports ; 5% increase in imports.

Production—60% (by volume, not prices) greater than in 1914, accompanied by an increase of 50% in...

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