Wednesday, April 7, 2010

Hard Times

The economy is tough and I know that my budget is not going as far as it used to. However, this is not the first time that the U.S. has had an economic downturn. Silver plate companies as manufactures of "luxury goods" were and are often hit hard by economic downturns. Not only were they makers of goods that were tied to expendable income, but they are also tied to the prices of precious metals.

This article from 1894, highlights this. It mentions the Meriden Britannia Company and their production.

"RENEWED ACTIVITY IN TRADE; AN ENCOURAGING REVIVAL IN ALL CLASSES OF BUSINESS. Statements of Manufacturers and Retailers in Many Brunches of Trade -- The City Full of Buyers from All Harts of the United States -- An Immediate Improvement Followed the Settlement of the Tariff Question -- A Steady Revival, Not a "Boom."

September 7, 1894, Wednesday

"There has been a general revival in all classes of business consequent on the settlement of the tariff question, and the restoration thereby of public confidence. The New-York Times prints interviews to-day which show something of the extent to which the improvement has been felt by the business men of this city."

You can (and should) read he entire article in .pdf format here.


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