Wealth of the United States

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Seventh-day Adventist Publishing Association · Battle Creek, Mich. · Jul 19, 1870

FromReview and Herald, Vol. 32, No. 5.

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Wealth of the United States.

THE following figures will give something of an idea of the present wealth of this nation, and the yearly value of its industrial products:
The valuation of the United States for 1869, (estimated by Mr. Wells at $23,400,000,000, ($600 for each person) shows an apparent increase of $9,216,784,372, or 65.8 per cent over that of 1860. But the valuation of 1869 is rated in currency value, while that of 1860 was in gold. Hence, the apparent increase is subject to a deduction corresponding with the average premium on gold for 1869. The value of the gross product of the nation for 1869 is estimated at $6,285,000,000, or $175 for each person. In 1860, the gross product was $121.03 for each person. Allowance must be made here, also, for the difference between gold and currency value.