In 1924, 3,650,000 Cars Were Produced In The USA Costing An Average of $814
10 Factoids From The New York Merchants’ Association
The defunct weekly trade magazine Greater New York – Bulletin of the New York Merchants’ Association contains news and articles related to business affairs. The Bulletin did not just limit themselves to New York related items, but highlighted national and international stories.
Paging through the 1925 issues of the magazine, I found beneath the feature articles some very interesting two and three line factoids concerning statistics from previous years.
Here are 10 of these factoids with headlines reprinted verbatim, with my comments below them in blue.
1- Use of Telephones
The City of New York contains more telephones than all of South America, Africa and Oceania combined. Within this area lie the great English speaking commonwealths of Australia, New Zealand and South Africa and the rapidly growing republics of Brazil, Argentina and Chile. There, too, lie great cities, Rio de Janeiro, Buenos Aires, Capetown, Melbourne, Sydney and Auckland.
Verizon abandoned their copper lines in New York City a few years ago. How many years before there are no landline telephones, just cellular phones?
2- Nine Big Incomes
Only nine persons reported net incomes of $3,000,000 or greater for 1922, and four of these reported that their net incomes were greater than $5,000,000. Two of these in the 5,000,000 class lived in Michigan, one in New York and one in New Jersey.
Hmmm. Michigan? Calling Mr. Henry Ford? By contrast according to the IRS, in 2012, the top 400 earners in the USA reported average income of $335.7 million. Continue reading