GARDEN APARTMENT

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GARDEN APARTMENT

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During the Depression, Sloan (1936) conducted a detailed study of 135 leading industrial corporations. The companies in the study had complete financial histories over the 1922—1933 period and, in the authors’ opinion, were representative of large companies in business during this period. The study provides detailed income accounts and balance sheets for the aggregate and specific details for major industries and major corporations. At the peak of the stock market in late August/early September of 1929, the common stocks of the companies in Sloan’s (1936) sample had a market value of $30.8 billion. For the year 1929, the net profits, after tax, available for the common stock...

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