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Mark Twain’s Get-Rich-Quick Schemes

theparisreview.org

11–20 of 89 posts

Re: Mark Twain’s Get-Rich-Quick Schemes

#11

There seems to be an error: "The family’s annual food bill was $80 a month." For a person earning $1.50 per day, that would have been a whopping monthly food bill.

Historically, the price of food was much higher than it is now. Thank our farmers for operating more efficient year after year.

https://mjperry.blogspot.nl/2010/07/as-share-of-income-ameri...

Re: Mark Twain’s Get-Rich-Quick Schemes

#13

There seems to be an error: "The family’s annual food bill was $80 a month." For a person earning $1.50 per day, that would have been a whopping monthly food bill.

Historically, the price of food was much higher than it is now. Thank our farmers for operating more efficient year after year. https://mjperry.blogspot.nl/2010/07/as-share-of-income-ameri...

You are right that modern technology has figured out how to turn energy into soil (way oversimplified!), and that probably 80% of the nitrogen in the bodies of any of us reading this came from the Haber process.

However, it still sounds bizarre that about 90% of their expenses was food.

Re: Mark Twain’s Get-Rich-Quick Schemes

#15
post #13

Earlier quoted context omitted.

Historically, the price of food was much higher than it is now. Thank our farmers for operating more efficient year after year. https://mjperry.blogspot.nl/2010/07/as-share-of-income-ameri...

You are right that modern technology has figured out how to turn energy into soil (way oversimplified!), and that probably 80% of the nitrogen in the bodies of any of us reading this came from the Haber process. However, it still sounds bizarre that about 90% of their expenses was food.

"Annual" and "a month" are mutually exclusive, so (at least) one in that sentence must be in error.

Re: Mark Twain’s Get-Rich-Quick Schemes

#17
post #15
post #13

Earlier quoted context omitted.

You are right that modern technology has figured out how to turn energy into soil (way oversimplified!), and that probably 80% of the nitrogen in the bodies of any of us reading this came from the Haber process. However, it still sounds bizarre that about 90% of their expenses was food.

"Annual" and "a month" are mutually exclusive, so (at least) one in that sentence must be in error.

Might be like the modern SaaS - advertised as a monthly price but you need to pay for the entire year to get that price.

Re: Mark Twain’s Get-Rich-Quick Schemes

#19
post #13

Earlier quoted context omitted.

Historically, the price of food was much higher than it is now. Thank our farmers for operating more efficient year after year. https://mjperry.blogspot.nl/2010/07/as-share-of-income-ameri...

You are right that modern technology has figured out how to turn energy into soil (way oversimplified!), and that probably 80% of the nitrogen in the bodies of any of us reading this came from the Haber process. However, it still sounds bizarre that about 90% of their expenses was food.

It isn't totally off-base. Even today, the poorest consumers in middle-income countries spend 70-80% of their income on food.

http://www.hindustantimes.com/interactives/how-do-people-in-...

Re: Mark Twain’s Get-Rich-Quick Schemes

#20
post #13

Earlier quoted context omitted.

Historically, the price of food was much higher than it is now. Thank our farmers for operating more efficient year after year. https://mjperry.blogspot.nl/2010/07/as-share-of-income-ameri...

You are right that modern technology has figured out how to turn energy into soil (way oversimplified!), and that probably 80% of the nitrogen in the bodies of any of us reading this came from the Haber process. However, it still sounds bizarre that about 90% of their expenses was food.

However, it still sounds bizarre that about 90% of their expenses was food.

For two adults and five children? If you're working class, it'll cost a good chunk even today (barring state subsidies).

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