Shades of '29

The prosperous, booming days of '29 were brought back again last week— on paper. The Department of Commerce reported first-quarter national income (all salaries, dividends, etc., received by U.S. citizens) as $19,516,000,000. This is up 10% from the first quarter of 1940, up 75% from bottom-scraping 1933, only 1.6% below record-breaking 1929. The comparisons in millions of $:

1929 1933 1941

January 6,937 4,044 6,544


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