Little and Big Business in United States
Place of Small Business in American Economy
Proposals to extend additional government assistance to small business will be renewed with vigor when the 85th Congress reconvenes on Jan. 7, 1958. Small business, it is generally agreed, has suffered more than big business during the past two years from tight credit, high costs, and low profit margins. However, those who have the interests of small business at heart are more disturbed by the growing difficulty it is having in raising equity capital and in holding its own against increasing concentration in American industry.
According to Chairman John J. Sparkman (D-Ala.) of the Senate Small Business Committee, which is now holding hearings in cities throughout the country, this sector of the national ...