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Show THE ELECTRIC INDUSTRY AND RECOVERY It is an interesting fact that, in the depressions of the past, the United States has been led out of them by unusual expansion of some major industry. This was true, for example, in the case of the automobile industry in the depression that followed the war. Car sales zoomed and related industries, which in the long run provided more employment than did the automobile industry itself, grew up. The electric industry is in a more or less similar position today, to-day, even though it has expanded amazingly in the past. The well lighted home is still the exception and not the rule. Industry is, to an increasing extent, turning to electric power and away from other forms of mechanical power. Better and cheaper electric labor-saving devices are appearing on the market and, aside from such commonplace appliances as electric percolators, toasters vacuum cleaners, the average home has none of them. It is not inconceivable that ten years from now the domestic market for electricity will be ten times as great as at present. As depression lifts, more and more money goes into such articles ar-ticles as these labor-saving devices. Every time one is sold, whether by the utility or a dealer, the market for power is broadened broad-ened and a potential demand for repairs, parts and service is created. cre-ated. Honey is put into circulation men go to work. In conquering conquer-ing depression the electric industry will be in the front rank. |