Why There Was No Trickle Down

Why There Was No Trickle Down

some as likely sources for economic rejuvena- tion."
Until the mid-19th century, small businesses were the norm in the United States, with thou- sands of them producing and distributing most of the country's goods and services. But 1914, one-third of U.S. industrial workers la- bored in firms with 500 or more employees, and another third worked in companies with 100 or more. Yet small firms-by developing market niches or supplying goods to larger in- dustrial firms-remained significant right...

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