Series Is Presented Here As Three Variables--(1)--Original Data, 1894-1938 (2)--Original Data, 1934-1939 (3)--Original Data, 1939-1958. Beginning In 1940, Reclassification Of Subgroups According To "Standard Industrial Classification": Bakeries With Retail Outlets Transferred From Manufacturing To Trading. Failures In That Group Numbered 166 In 1940 (See Source, March, 1941). Continuity Of Series Is Not Altered. This Segment (V 130) Represents A Better Coverage Of Voluntary Discontinuances With Losses To Creditors And Of Small Failures Not Previously Covered By Dun And Bradstreet'S Branch Offices (See Source, March, 1940). Source: Dun And Bradstreet, Inc., Dun'S Statistical Review.
This NBER data series m09031c appears on the NBER website in Chapter 9 at http://www.nber.org/databases/macrohistory/contents/chapter09.html.
NBER Indicator: m09031c
Release: NBER Macrohistory Database
National Bureau of Economic Research, Number of Business Failures, Trading Companies for United States [M0931CUSM474NNBR], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/M0931CUSM474NNBR/, July 3, 2015.