American ideals, character and life

Paperback | February 3, 2012

byHamilton Wright Mabie

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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. 1915. Excerpt: ... the earlier history of the country and the radical effects of which in restricting competition and diminishing individual opportunity were foreseen neither by lawmakers nor by financiers; and the country has slowly awakened to the fact that it must devise some working basis for vast wealth in a few hands in a democratic society. In this rushing tide of activity some men have been swept from their moral moorings, and the speculative and gambling spirit, which is always stimulated by universal prosperity and from which all countries have suffered, has tempted some men to unscrupulous use of wealth and to downright dishonesty; but the fact that the credit system is the basis of enormous transactions and that, while it is sometimes extended beyond the limits of safety, it is so rarely abused that the confidence of the country in the fundamental integrity of the business community is never seriously disturbed, and that the percentage of loss in handling enormous investments and trust funds is so small as to be almost negligible, furnish the best possible evidence of the soundness of American business men. The finances of the government from the beginning have been managed with conspicuous integrity and the losses through the dishonesty of government officials have been so small that they may be ignored. Whoever reads the report of corporate oppression in the United States during the last four decades and does not take into account the swift and unparalleled increase in wealth, not only does a great injustice to the country, but fails to understand the situation as completely as Gladstone and Carlyle failed to understand the War between the States fifty years ago. This prosperity has not gone wholly into luxury, though it has increased the cost of living in Ame...

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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. 1915. Excerpt: ... the earlier history of the country and the radical effects of which in restricting competition and diminishing individual oppo...

Format:PaperbackDimensions:56 pages, 9.69 × 7.44 × 0.12 inPublished:February 3, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217682677

ISBN - 13:9780217682671

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