The Atlantic Monthly Volume 117

The Atlantic Monthly Volume 117

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1916 edition. Excerpt: ... of years when England may feel cramped in her out-country development. Incidentally, it is a curious side-light on our governmental regulation that much of the speculative money which, ten years ago, would have gone into American railroad development, is being diverted, in these prosperous times, to industrial enterprises, because the investor feels that the profits in railroad securities have been strictly limited, while the losses have been left unlimited. This is the first strong commercial revival we have had since our national policy of railroad regulation assumed acute form, and it is the first one when railroad development and railroad securities have been neglected. The purpose of this paper being to suggest, rather than to settle, some of the peculiar and novel commercial problems with which the country is confronted, it should be noted that the great world changes in commercial enterprise are usually the result of something quite different from armed struggles. England owes to the steam engine more than she does to Drake or to Marlborough, and, in the long light of history, it probably made very little difference to the status of Babylon as a world capital whether Alexander the Great or King Darius won the battle of Arbela. Thirty years hence, the economic effect of the Panama Canal, as shown in really vital commercial changes, seems likely to be greater than the effect of the Great War. Meanwhile, we can be reasonably sure that much of what we predict will be set at naught by changes now going on about us--changes which barely attract our attention at all, amid the clamor of arms. THE CONTRIBUTORS' CLUB ON PRESERVING OUR BALANCE 'THE great art, ' said the White Knight when he was more

Product details

  • Paperback | 486 pages
  • 189 x 246 x 25mm | 862g
  • United States
  • English
  • black & white illustrations
  • 123680905X
  • 9781236809056