EDUCATORS ’ PERSPECTIVE identifying key drivers of profitability , it may have been able to mitigate some of the financial distress it has endured over the years . But then again , the ever-present problem of congressional meddling in the affairs of the Postal Service may have simply nullified any benefits from such a system .
Brian Grinder is a professor at Eastern Washington University and a member of Financial History ’ s editorial board . Dr . Dan Cooper is the president of Active Learning Technologies .
Note
1 . According to Samuel H . Williamson ’ s Seven Ways to Compute the Relative Value of a U . S . Dollar Amount , 1790 to Present ( MeasuringWorth , 2022 https :// www . measuringworth . com / calculators / uscompare /), $ 17 million 1909 dollars was worth about $ 500 million in 2020 .
Sources
Blevins , Cameron . Paper Trails : The U . S . Post and the Making of the American West . New York : Oxford University Press . 2021 .
Gallagher , Winifred . How the Post Office Created America : A History . New York : Penguin Press . 2016 .
Gifford , Daniel . “ Rural Americans , Postcards , and the Fiscal Transformation of the Post Office Department , 1909 – 1911 ,” in Thomas Lera , ed .: The Winton M . Blount Postal History Symposia : Selected Papers , 2010-2011 . Washington , DC : Smithsonian Institution . 2012 .
“ Handling the Christmas Mails .” The Boston Sunday Globe . Page 3 . 1909 .
Haskin , Frederic J . “ Post Cards .” The Washington Post . Page 5 . 1910 .
Henkin , David M . The Postal Age : The Emergence of Modern Communications in Nineteenth-Century America . Chicago : University of Chicago Press . 2006 .
Hitchcock , Frank H . The Annual Report of the Postmaster General for the Fiscal Year Ended June 30 , 1911 . Washington , DC . 1912 .
Leonard , Devin . Neither Snow nor Rain : A History of the United States Postal Service . New York : Grove Press . 2016 .
Pyne , Lydia . Postcards : The Rise and Fall of the World ’ s First Social Network . London , UK : Reaktion Books . 2021 .
Ryan , Dorothy B . Picture Postcards in the United States , 1893 – 1918 . New York : C . N . Potter . Distributed by Crown Publishers . 1982 .
Shepardson , David . “ U . S . Postal Service Reports $ 4.9 Billion 2021 Net Loss .” Reuters . 2021 .
Truman , Harry S . “ Address Before the National Association of Postmasters .” Harry S . Truman Presidential Library and Museum . September 17 , 1951 .
THE JOURNAL OF THE INTERNATIONAL BOND & SHARE SOCIETY
ENCOURAGING COLLECTING SINCE 1978 NO . 118 - APRIL 2022
Deutsche Bank
– page 28
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www . MoAF . org | Spring 2022 | FINANCIAL HISTORY 9