Sentence Examples with the word spending power

In 1895 began a marked commercial revival, mainly due to the steady conversion of the colony's waste lands into pasture; the development of frozen meat and dairy exports; the continuous increase of the output of coal; the invention of gold-dredging; the revival and improvement of hemp manufacture; the exploiting of the deposits of kauri gum; the reduction in the rates of interest on mortgage money; a general rise in wages, obtained without strikes, and partially secured by law, which has increased the spending power of the working classes.