The Trade Depression: Its Causes and Its Remedies

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Page 41 - wages at the public-house. Had he enough self-restraint, the artisan would not live up to his income during prosperous times and leave the future unprovided for.
Page 6 - by which four men now make a bar of steel in the same time, and with less cost of material than it took ten men a few years ago.
Page 22 - The time has now come when the manufacturing industry of the United States is in dire distress from plethora of manufactured goods. Some manufacturing companies have been forced into bankruptcy; others have closed their mills to escape it; few mills are running
Page 22 - The all-important question, therefore, that presses itself upon the public attention is, how shall the country be relieved from the plethora of manufactured goods, and how shall plethora hereafter be prevented . . . unless markets now practically closed against us are opened, unless we can share in the trade which is monopolised by European nations, the depression now so severely felt will continue, and may become more disastrous.
Page 41 - the ability to sacrifice a small present gratification for a prospective great one. A labourer endowed with due self-restraint would never spend his
Page 22 - full time; and as a consequence a very large number of operatives are either deprived of employment or are working for wages hardly sufficient to enable them to live comfortably or even decently.

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