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294

(1902) [MARC] Author: Niels Christian Frederiksen
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for household articles, 173 millions for stored goods,
65 millions for movable machines and implements,
57 millions of cash of all kinds, and finally 60 millions
as debts due from the State or other public institutions
to private parties; in all, private persons’ movable
capital, 922 millions. These values, showing an average
of less than 1000 marks per head, are of course now
much higher, but they were (and are) low compared to
a good many other countries. In Great Britain and
Ireland the value of all property was reckoned a
few years prior to 1890 at 7000 francs per head;
for Holland about the same; Belgium a little less;
France about 6000; Germany under 4000; Denmark
about 4000; Norway hardly 1500; Sweden, according
to different calculations, about 2000; for the
poorer countries of southern Europe rather more, even
as much as 1800 francs for Italy, and still larger
amounts, if we are to believe statistics, for Greece and
for some of the countries of the Balkan Peninsula.
In several respects it is of interest to compare Europe
with the United States. The census of 1890 in the
United States showed an average of 6000 francs per
head, or about the same as in France. On the same
level as Finland we find only the poorer of the old
slave States, of which some sank below $200, or 1000
francs per head. The total property of the
northwestern States, among whose inhabitants there are so
many men from northern Europe, averaged from 5000
to 10,000 francs per head, the same amount as in the
rich north-eastern States. California even rose to
between 10,000 and 15,000 francs, and some of the
new mining States to over 15,000. Australia was
not much below 10,000; Canada up to 5000; and
Argentina about 3000. As we have said, Finland is
only in the early stage of wealth-production.

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