On the whole, 1925 has so far justified those prophets of business who last January forecast widespread yet non-sensational prosperity. As in practically all periods of prosperity, however, industries are sharing the general benefits quite unevenly. The sugar trade, for example, is depressed (see below) while Florida realty soars.
This widespread prosperity for 1925 was largely predicated upon easy money conditions, and as yet no end to this favorable factor is in sight. Moreover, the Locarno Conference has led the way definitely and decisively to peace in Europe, reduction in armaments, balanced...
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