Undercurrents in American Politics Comprising the Ford Lectures Delivered At O
Undercurrents in American Politics Comprising the Ford Lectures Delivered At O
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Other issues occupied the public mind — tariff reduction, the currency, relation to European powers. Curiously enough, the first important cases decided under the Sherman Act dealt with railroads, to which its framers had not intended it to apply. In spite of the presence of the law upon the statute books, the years from 1898 to 1901, which marked the recovery of business after the long depression that had preceded it, witnessed a development of combinations of producers which for number, varie...ty, and over-capitalization far surpassed any- thing which America had previously experienced.
76 UNDERCURRENTS IN POLITICS For a time it seemed as though nothing would be done to restrict the power of these combinations. The years named constituted a time of general prosperity and of advancing wages. No one — manufacturer, farmer, or workman — was inclined to quarrel very seriously with a system which appeared to contribute to his own prosperity. But with the advent of a period of trade depression in 1903 people at once assumed a more critical atti- tude toward combinations of capital; and they have continued to maintain that attitude down to the present time.
What to read after Undercurrents in American Politics Comprising the Ford Lectures Delivered At O?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Other issues occupied the public mind — tariff reduction, the currency, relation to European powers. Curiously enough, the first important cases decided under the Sherman Act dealt with railroads, to which its framers had not intended it to apply. In spite of the presence of the law upon the statute books, the years from 1898 to 1901, which marked the recovery of business after the long depression that had preceded it, witnessed a development of combinations of producers which for number, varie...ty, and over-capitalization far surpassed any- thing which America had previously experienced.
76 UNDERCURRENTS IN POLITICS For a time it seemed as though nothing would be done to restrict the power of these combinations. The years named constituted a time of general prosperity and of advancing wages. No one — manufacturer, farmer, or workman — was inclined to quarrel very seriously with a system which appeared to contribute to his own prosperity. But with the advent of a period of trade depression in 1903 people at once assumed a more critical atti- tude toward combinations of capital; and they have continued to maintain that attitude down to the present time.
What to read after Undercurrents in American Politics Comprising the Ford Lectures Delivered At O?
You can find similar books in the "Read Also" column, or choose other free books by Hadley, Arthur Twining, 1856-1930 to read onlineMoreLess
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