Word: rising
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Dates: during 1900-1909
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...dependence on State institutions, which was politically and economically a fault. Idle money was increased, while money actively engaged in the building up of wealth was diminished. Today these conditions are reversed, the governmental employees receiving only fair salaries. Investments have become international and production has been stimulated, giving rise to large fortunes and greater wealth. M. d'Avenel thinks the best condition which can affect the world in the future is a still closer alliance, in financial and political lines, between the large countries of the world, than exists at present...
...have gained about 75 per cent, over the wages of the Middle Ages, while men have lost about 50 per cent. This is due to the free competition among women. As they have been able to earn more, the marriage burdens on men have been lessened, which has given rise to larger families. Today, one hour's labor procures half the quantity of provisions that it would have procured a century ago, and it is the regrets, in looking towards the imaginary wealth of the past, that spoil the charm of a new country for the masses...
...great argument against socialism is that the propensities of the many give rise to legislation, but they are far from originating legislation, in which the assumptions of the majority have to coincide to some extent with the opinions of the minority. The same is true in regard to the economic powers of labor, which have in most cases been greatly exaggerated, as is shown by the frequent weakness of strikes. Socialism, concluded Mr. Mallock, in endeavoring to redivide the product would prevent the product from being produced...
...first states that, although inequalities in ability exist and give rise to inventions, these should be common property, and not exclusively a source of wealth to the few who happen to find them. Mr. Mallock showed that such intricate inventions as are frequent nowadays would be of no use to men of limited capacity, as they could not understand their uses. Only minds fitted by education can profit by extensive discoveries...
...Mallock showed that the rapid improvements in production which have taken place of late, have been due to the concentration of intellect, which has given rise to inventions of machinery. In the manufacture of machinery the same principle as that which governs any social system holds-it is not the individual skill of a workman which counts, for a good workman may be employed on a poor machine, but it is this skill, under the direction of a master mind. This shows that the essential feature of the production of wealth is not labor, as the socialists claim, but rather...