Aug

4

"In November, 1902, began in America what has been called ‘the rich man's panic’ of 1903 in which for a year many securities were sold by holders because European creditors were recalling their loans. American business, however, slackened but little, although building operations were somewhat checked. General prices, which had been moving upward since 1897, remained almost unchanged in 1903 and 1904…." - Frank A. Fetter, Major Economic Problems, Vol. II, published in 1916.

Fetter was a Professor of Economics at Princeton. The volume has the following dedication:

TO THE MOTHER WITH A YOUTHFUL HEART AND SYMPATHETIC INTEREST IN ALL THINGS HUMAN


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search