Rebuilding

Definition and stakes

Samuel Henry Prince,  Catastrophe and Social Change

“ The extent and scale of the rebuilding program in one area, the civic-improvement plans which accompanied the work in that district, the record time in which relief houses were completed, the marvellous speed at which the demolition companies cleared away the debris acted as models and stimuli to all inhabitants. The process of speeding-up spread like a great contagion, until the most hardened pessimist began to marvel at the recuperation daily enacted before his eyes. ”
Source: Gutenberg

Portrait of Frank A. Fetter Frank A. Fetter,  The Principles of Economics, with Applications to Practical Problems

“ When an old city is built almost entirely of wood, each owner may think it to his interest to keep the old buildings. A great fire sweeps them all down and compels the rebuilding of the city on a new and higher standard. But the usual social result of accidental destruction is a loss. It is a use of wealth without a fulfilling of the purpose of production, the gratifying of wants. ”
Source: Gutenberg

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