AMERICA'S WEALTH by Peter d'A. Jones


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A comprehensive survey of an exceedingly complex subject, the growth of America's wealth, with an amazing amount of information assembled and admirably arranged if not substantially fresh. In the first group of chapters the author isolates those elements in colonial society that were to govern later American growth, and examines the principal kinds of productive wealth the people created-- the riches of the soil and the wealth of the factory. About half the book deals with the strategic factors that resulted in the expansion of America's wealth between 1860 and 1920: a favorable political atmosphere, lateral expansion of the market by improved transportation, and the urbanization of the growing population. The author fixes World War I as the turning point in the history of our economic life, leading to the emergence of consumer capitalism and the trend toward more responsible government. Professor Jones places great emphasis on the role played by the government in America's economic development, but concludes that so long as an open society prevails, America's wealth will be unlimited. Book commended to the student and serious reader.

Pub Date: April 15th, 1963
Publisher: Macmillan