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Show BUBBLE. Prices and Incomes weren't the only bubbles blown during tho war. A census report shows that capital Invested in American manufacturing in 1914 totaled ?22. 790,980,000. It rose to J44.776.00r,,OUO in 1919. This was far out of line with the growth of actual production, for prl mary horsepower of manufacturing plants rose from 22.533,374 In 1914 to only 29,573,207 In 1919 One thing wrong with business In this country Is tr)ln to earn profits on twice as much capitalization as pre-war Maybe deflation will get busy with capital when it finishes with prices. |