This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not
illustrated.1920 Excerpt: ... II. DETAILS OF DAYS WORKED FOR PERIOD
1881 TO 1891. The following table is drawn to show the factors
influencing days worked for the period 1881 to 1891. (Sources as
mentioned above.) DETAILS OF DAYS WORKED FOR PERIOD 1881 TO 1891.
The outstanding feature of this table is the rapid increase in the
number of men employed in the anthracite industry. In the course of
10 years approximately 66 per cent were added to the number
employed in 1881. Between 1882 and 1883 the number increased by
nearly 10,000. A similar increase was registered in the following
year, while between 1887 and 1888 over 15,000 men were added to the
army of anthracite workers. Meanwhile, with slight variations, the
production per man per day remains almost constant. On the other
hand, the anthracite production of the country increased, but not
as rapidly as the working force. The consequence was a steady
decrease in the number of days worked. These facts indicate that
the anthracite industry was passing through the speculative period.
The rapid growth of population and the cheapening of transportation
caused a rapid development of the trade. The development of the
West accentuated this increase in demand. Anthracite was looked
upon as a good thing in the way of investment. The consequence was
rapid expansion, the construetion of new collieries and the
building of storage yards. This caused the increase in the number
of anthracite workers. But, as is generally the case, this period
of competitive speculation caused production to increase beyond
what the market could absorb. Consequently the steady increase in
the number of days of non-operation, which was to reach a climax in
the 90s, had begun. Attempts to control production in order to keep
the price up proved futile. The industry was not...
General Books LLC
|Country of origin:
United States Commission
||246 x 189 x 5mm (L x W x T)
||Paperback - Trade
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