Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany

By Frank L. McVey | Go to book overview

CHAPTER I
A SURVEY

THE year 1776 stands in the books of history as famous in achievement; in it the Declaration of Independence was written and the "Wealth of Nations" published. But it likewise marks the line between the old and the new in the system of production. With it begin the manufacture by machine, the decline of cottage industry, the awakening of democracy and the dawn of Modern Industrialism.

The last term designates that stage of society in which men, machines and capital are massed and marshaled to the task of creating goods. In its completed form such a society is national in type, highly specialized in skill, wonderful in resources, and powerful in inventions. Great ships, well organized railroads, banks, commercial houses and systems of credit make possible the supplementary work of transportation, and the distribution of wealth in the industrial society.

To arrive at such a result is the task of years and centuries. The nation that has thrown aside the relics of a feudal time, emancipated its labor, revised its trade laws, invented machinery, organized a factory system, opened its natural resources, built railroads, constructed steam-vessels and amassed capital is within the system of modern industrialism. Production in such a nation is no longer for village and countryside, but for the mar-

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Modern Industrialism: An Outline of the Industrial Organization as Seen in the History, Industry, and Problems of England, the United States, and Germany
Table of contents

Table of contents

  • A Practical Book by a Practical Man *
  • Title Page iii
  • Preface vii
  • Contents ix
  • List of Illustrations xv
  • Part I- History 1
  • Chapter I- A Survey 3
  • Chapter II- Industrial Changes in England since 1760 20
  • Chapter III- Industrial Evolution of America 42
  • Chapter IV- The Rise of Germany 68
  • Part II- Industry 87
  • Chapter I- Extractive Industries 89
  • Chapter II- Transportation 115
  • Chapter III- Manufacture 133
  • Chapter IV- Forms of Industrial Organization 157
  • Chapter V- Commercial Institutions 176
  • Part III- Administration 195
  • Chapter I- Fundamental Questions 197
  • Chapter II- Interference 216
  • Chapter III- Regulation 235
  • Chapter IV- Government Ownership 256
  • Chapter V- Conclusion 273
  • Index 293
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