Thank you for visiting SNEWPapers!
Sign up free
The Midland Journal
Rising Sun, Cecil County, Maryland
What is this article about?
U.S. national income reached nearly $114 billion in 1942, up 20% from 1941, due to wartime factory production and record farm crops. Farm income was $16 billion for 6 million farmers. Wages and salaries totaled $79 billion, with 58 million employed.
Clipping
OCR Quality
Full Text
How much money did everybody make in the United States in 1942? With the factories of the nation being thrown into high gear and the farmers producing record crops, national income jumped to almost $114 billion, the department of commerce reports. This was approximately a 20 per cent increase over 1941.
The department of agriculture figures that farm income reached 16 billion in 1942. That would represent an intake of $2,800 for every one of the 6 million farmers.
A total of 79 billion dollars was paid out in wages and salaries. At the end of 1942, it was estimated that 58 million people were gainfully employed.
What sub-type of article is it?
What keywords are associated?
Where did it happen?
Domestic News Details
Primary Location
United States
Event Date
1942
Outcome
national income increased to almost $114 billion, a 20% rise from 1941; farm income reached $16 billion; $79 billion in wages and salaries paid out; 58 million people gainfully employed.
Event Details
With factories in high gear and farmers producing record crops, national income jumped to almost $114 billion in 1942, per Department of Commerce. Department of Agriculture reported farm income at $16 billion, or $2,800 per one of 6 million farmers. Total wages and salaries: $79 billion, with 58 million employed by end of 1942.