The U.S. economy of the 1920s was going along like gang-busters, when a certain journalist noticed that the number of cars on American streets was subtly growing (all told, there were 7.5 million cars in the U.S. of 1922). Perhaps at that time there was no written study documenting what we now call ‘the order of durable goods’-the yardstick we currently use to measure American opulence, and so this investigative journalist came up with a different way of figuring out just how many cars Americans could purchase -and we’re mighty glad he did.
Read about the Great Depression and the U.S. auto industry…
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