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Skill And Money In Managing: Somewhat belatedly the railroad developed the South. Before the Civil War, Southerners had preferred to invest their executive skill and money in managing land and slave forces; the Souti had consequently lagged in railroad building. By 1860 only one route connected the seaboard with the Mississippi River, the Charleston and Memphis, an expansion of the Charleston and Hamburg. To rebuild the economy devastated by the war and to participate, albeit belatedly, in the progress of the times, the Southern states after Appomattox incurred large state debts in behalf of railroad construction, and held out inducements to Northern capital.
GRESHAM'S LAW, gresh'amz, in economics, is usually stated as "bad money drives out good." The law stems from the fact that money has a value both as money and as a commodity in the open market. The former value is set arbitrarily by law and is relatively fixed; the latter is determined by supply and demand and varies from time to time, "Good money" has a higher value as a commodity than as money and will disappear from circulation.
There are two important skills you must master if you are to be financially successful as a free lance photographer. One skill is encompassed in the ability to take good pictures. The other, and equally important skill, lies in the ability to sell your pictures.
The term "good pictures," it should be understood, does not mean masterpieces of artistic quality. Pictures of the most ordinary quality are readily salable. Anyone with normal intelligence can master the fundamentals sufficiently in a short time to shoot pictures for pay if he has his heart in it. And nobody is too young or too old. Junior can pick up spending money with a box Camera around school, and his grandfather can keep shooting pictures for profit as long as he has the strength to lift a Leica. |
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