US Presidency
1930

The extent of the depression is indicated by the following approximate percentages of activity during the past three months as compared with the highly prosperous year of 1928: Value of department-store sales 93 % of 1928 Volume of manufacturing production 80 % of 1928 Volume of mineral production 90 % of 1928 Volume of factory employment 84 % of 1928 Total of bank deposits 105 % of 1928 Wholesale prices all commodities 83 % of 1928 Cost of living 94 % of 1928........................................................... Various other indexes indicate total decrease of activity from 1928 of from 15 to 20 per cent. There are many factors which give encouragement for the future.