Title | Socialism summed up |
Creator (LCNAF) |
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Publisher | The H. K. Fly Co. |
Place of Creation (TGN) |
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Date | 1913 |
Subject.Topical (LCSH) |
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Genre (AAT) |
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Language | English |
Type (DCMI) |
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Original Item Extent | 110 pages: illustrations; 20 cm. |
Original Item Location | HX86.H77 1914 |
Original Item URL | http://library.uh.edu/record=b8304545~S11 |
Original Collection | Socialist and Communist Pamphlets |
Digital Collection | Socialist and Communist Pamphlets |
Digital Collection URL | http://digital.lib.uh.edu/collection/scpamp |
Repository | Special Collections, University of Houston Libraries |
Repository URL | http://libraries.uh.edu/branches/special-collections |
Use and Reproduction | This item is in the public domain and may be used freely. |
File Name | index.cpd |
Title | Image 99 |
Format (IMT) |
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File Name | uhlib_2100825_098.jpg |
Transcript | MOVEMENT IN THE UNITED STATES 97 1900, and the annual telegraph messages increased from 5,000,000 to 80,000,000 during the same period. Towards the end of the nineteenth century the United States had become a distinctly industrial and "capitalistic" country. Over 40 per cent, of its inhabitants were engaged in manufacture, trade and transportation, and agriculture receded to second place. One-third of all the people had congregated in large cities as against one-eighth in 1850. Corporations became the dominant factors in industry and finally evolved the highest form of capitalist organization— the trusts. Large fortunes were quickly made and a generation of millionaires and multi-millionaires was born. Towards the middle of the last century America could boast of only fifty millionaires with an aggregate fortune of about eighty million dollars. At the close of the century the number of American millionaires of all degrees exceeded twenty thousand, their total wealth mounted to thirty billion dollars and represented almost a full half of the "national" wealth of the country. The rapid growtfi and expansion of capitalism naturally produced its inseparable counterparts—mass- poverty, unemployment, child labor, class struggles, social unrest and general discontent. By the end of the century about 6,500,000 persons were regularly without work at some time during the year, and the standing army of jobless workers was considerably over one million. At the same time the number of |