The Impending Crisis; Conditions Resulting from the Concentration of Wealth in the United States

The Impending Crisis; Conditions Resulting from the Concentration of Wealth in the United States

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...for seed. The land capable of producing wheat is not occupied to anything like one-twentieth of its extent. We can raise grain enough on a small part of territory of the United States to feed the world."f "The general conclusion at which I have arrived is that in the year 1880, the census year, when the population of the United Tra?im States numbered a little over 50,000,000, the annual product had a value of nearly, or quite $10,000,000,000 at points of final consumption, including, at market prices, that portion which was consumed upon the farm, but which was never sold. Omitting that consumed upon the farm, it was about $9,000,000, ooo."i "At an average of 200 pounds per head in the United States, the largest consumption of iron of ONE OPERATOR nation, we may yet find that the Serves Hundreds equivalent of one man's work for With Goods. one year) divided between the coal Mr. E. Atkinson, "The Distribution of Products," p. 15. tlb., p. 22. tEd. Atkinson, ib. p. 27. mine, the iron-mine and the iron-furnace, suffices for the supply of 500 persons. One operator in the cotton factory makes cloth for 250; in the woolen factory for 300; one modern cobbler (who is anything but a cobbler), working in a boot or shoe factory, furnishes 1,000 men or more than 1,000 women with all the boots and shoes they require for a year."f These paragraphs sufficiently indicate the general capability of the American people for production under the existing conditions. If an Austrian wine-producer or a farmer is six times less capable to produce than an American farmer; and if this Austrian farmer can easily defray the multiple ex-S, TMp0E8glEj penses of his family and his own out of the results of his less capable labor and live...show more

Product details

  • Paperback | 42 pages
  • 189 x 246 x 2mm | 95g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236498011
  • 9781236498014