The Economic Strength of America
The United States, including possessions, has a total area of 3,738,395 square miles. This is enough land to give every man, woman and child a farm of 19 acres.
The United States contains only 6 per cent of the world's area, 7 per cent of the world's population, and it normally consumes:
48 per cent of the world's coffee.
53 per cent of the world's tin.
56 per cent of the world's rubber.
21 per cent of the world's sugar.
72 per cent of the world's silk.
36 per cent of the world's coal.
42 per cent of the world's pig iron.
47 per cent of the world's copper.
69 per cent of the world's crude petroleum.
The United States produces over 2/2 billion bushels of corn, 1 billion bushels of wheat, and 15 million bales of cot- ton each year.
With 50 million automobiles, every one in the United States can take a ride at one time.
The United States has over 60 per cent of the world's telephones.
The United States has 250 thousand miles of railroads, with 50 thousand locomotives and over 2 million boxcars.
The United States produces:
70 per cent of the world's oil.
50 per cent of the world's copper.
60 per cent of the world's wheat.
60 per cent of the world's cotton.
50 per cent of the world's pig iron.
40 per cent of the world's lead.
40 per cent of the world's coal.
The purchasing power of the population of the United
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States is greater than that of 500 million people in Europe.
The people of the United States have their lives insured for almost 300 billion dollars. This is an average of almost $2,000 for every individual in the country.
The United States has over 3/2 million commercial busi- ness concerns and over 250 thousand manufacturing con- cerns.
The United States has over 23 billion dollars in gold— nearly 75 per cent of the world's total supply. The reason we have 75 per cent of the world's gold is because each dol- lar represents a unit of energy wrapped up with an idea. With freedom of enterprise, your energy, hitched to an idea, turns natural resources into wealth.
The United States has 66 per cent of civilization's bank- ing facilities.
Retail sales are over 172 billion dollars in the United States.
Since 1910, the population has increased 70 per cent, but the physical production of goods and services have increased nearly 200 per cent, which means that more people are en- joying more goods.
In the last 12 years the percentage of American families earning over $3,000 has almost increased five times. In 1940, only 4 per cent of all families enjoyed incomes of more than $5,000. Today, more than 30 per cent earn over $5,000 per year.
Over 61 million people are gainfully employed in the United States today, and their combined income is in excess of 500 thousand dollars per minute.
There is enough timber in the forests of the United States to make every man, woman, and child a six-room house and still have timber left over.
The assets of the American people are 785 billion dollars, invested in homes, real estate, automobiles, common stock, bonds, bank deposits, life insurance, and pension reserves.
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It is estimated that every man, woman, and child in the United States has at least 100 horses in the form of power working for them. This is represented in the power of dif- ferent machines and different electrical appliances.