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CONTENTS
PART I
FOUNDATIONS IN AMERICAN DEMOCRACY
CHAPTERI- THE BACKGROUND OF AMERICAN DEMOCRACY
1. Christopher Columbus discovers America...
From Christopher Columbus, Journal.
2. Captain John Smith on conditions at Jamestown
From Captain John Smith, Works.
3. The Pilgrims resolve to leave Holland. ...
From William Bradford, History of Plymouth Plantation.
4. The Mayflower reaches New England.....
5. The struggles of the early colonists....
From Timothy Dwight, Travels in New England and New York.
6. Growth of the English colonies
From Benjamin Franklin, Works.
7
9
II
CHAPTER II — THE ORIGIN OF AMERICAN DEMOCRACY
15
16
18
7. King John is forced to sign the Magna Charta.
From the Magna Charta.
8. The Pilgrims agree to establish a pure democracy.
From the Mayflower Compact.
9. Representative government in America
From the Ordinance for Virginia.
10. A republic established in the Connecticut wilderness
From the Fundamental Orders of Connecticut.
II. Virginia asserts the principles of just government.
From the Virginia Bill of Rights.
12. The colonists declare their independence.
From the Declaration of Independence.
20
22
24
CHAPTER III — THE DEVELOPMENT OF
AMERICAN DEMOCRACY
30
13. Four colonies combine for mutual defense.
From the New England Confederation.
PAGE
32
34
38
14. The union of all of the colonies is proposed...
From the Albany Plan of Union.
15. The states enter a league of friendship..
From the Articles of Confederation.
16. Washington outlines the needs of the country...
From George Washington, Circular Letter addressed to the
Governors.
17. Hamilton summarizes the defects of the Confederation....
From Alexander Hamilton, Works.
18. Franklin calls for the ratification of the Constitution.....
From Jonathan Elliot, Debates on the Adoption of the Federal
Constitution.
39
42
45
47
48
CHAPTER IV - ESSENTIALS OF AMERICAN
CONSTITUTIONAL GOVERNMENT
19. Individual rights under the Federal Constitution.
From the Constitution of the United States.
20. States' rights under the Federal Constitution.
21. The powers of the Federal government.
22. The extent of Federal powers.
From U. S. Supreme Court decision in the case of M'Cul-
loch vs. the State of Maryland.
23. The check and balance system..
From the Federalist.
24. Significance of the judiciary in American government.
From U. S. Supreme Court decision in the case of Marbury
vs. Madison.
51
53
55
60
63
CHAPTER V – THE PROBLEMS OF AMERICAN DEMOCRACY
25. Washington's charge to the nation...
From George Washington, Farewell Address.
26. Jackson on the aims of government..
62
From Andrew Jackson, Second Inaugural Address.
27. Lincoln on the spirit of lawlessness.
From the Sangamon (III.), Journal.
28. Roosevelt on the problems of American life...
From Theodore Roosevelt, Second Inaugural Address.
29. Wilson on the dangers of the World War period..
68
From Woodrow Wilson, Second Inaugural Address.
30. Harding on the issues of the Twentieth Century..
70
From Warren G. Harding, Address to Ohio Society of New York.
65 PART II
AMERICAN ECONOMIC PROBLEMS
a. ECONOMICS OF AMERICAN INDUSTRY
CHAPTER VI — THE NATURE OF AMERICAN INDUSTRY
31. Natural resources of the nation.
75
From Ernest L. Bogart, The Economic History of the United
States.
32. Growth of population in the United States...
77
From the U. S. Bureau of the Census, Statistical Atlas of
the U.S.
33. Occupations of the American People.
79
From the Thirteenth Census of the U.S.
34. Governmental encouragement of business..
From various bulletins issued by the U.S. Government.
35. Keeping track of industrial tendencies.
From the National City Bank of New York, Monthly Business
Letter.
36. The wealth of the nation.
From the U. S. Bureau of Census, Estimated Valuation of
National Wealth.
83
85
87
CHAPTER VII — WHAT IS MEANT BY PRODUCTION
91
93
95
37. Man's part in production. ...
From Eugen von Boehm-Bawerk, The Positive Theory of
Capital.
38. The principle of the division of labor...
From Adam Smith, An Inquiry into the Nature and Causes
of the Wealth of Nations.
39. The productive methods of savages..
From Frederick Starr, Some First Steps in Human Progress.
40. Division of labor in colonial manufactures..
From Blanche E. Hazard, The Organization of the Boot and
Shoe Industry in Massachusetts before 1875.
41. Slater introduces power machinery into America.
From One Hundred Years' Progress of the U. S.
42. An example of the complex division of labor...
From John R. Commons, Labor Conditions in Meat Packing
and the Recent Strike.
CHAPTER VIII — EXCHANGING THE PRODUCTS OF INDUSTRY
105
43. Relation of division of labor to the market...
.
107
109
44. Beginnings in American railway development....
From Milton Reizenstein, The Economic History of the Balti-
more & Ohio Railroad.
45. The nature and function of money.
From Adam Smith, An Inquiry into the Nature and Causes of
the Wealth of Nations.
46. Price as a measure of value..
From Charles Gide, Principles of Political Economy.
47. A provision market in a great city..
From the Department of Interior, Bureau of Education,
Lessons in Community and National Life.
48. The advantages of exchange...
III
113
115
I21
CHAPTER IX— DISTRIBUTING THE INCOME OF INDUSTRY
49. Distribution previous to the Industrial Revolution ....
119
50. Distribution since the Industrial Revolution.
From Thomas Nixon Carver, Principles of Political Economy.
51. Some factors influencing rent..
123
From Charles J. Bullock, Introduction to the Study of
Economics.
52. Some factors influencing interest.
124
From Henry Rogers Seager, Principles of Economics.
53. Some factors influencing wages.
126
54. Some factors influencing profits.....
128
From Frank W. Taussig, Principles of Economics.
CHAPTER X - BASES OF THE CAPITALISTIC SYSTEM
-
132
134
136
55. The evolution of private property..
From Charles Gide, Principies of Political Economy.
56. Types of business contracts..
From Coleman Hall Bush, Applied Business Law.
57. The forms of Competition
58. Kinds of economic freedom...
From Edwin R. A. Seligman, Principles of Economics.
59. Production in anticipation of demand..
From Henry Clay, Economics for the General Reader.
60. The inequality of wealth..
138
141
143
b. PROGRAMS OF INDUSTRIAL REFORM
CHAPTER XI
- SINGLE TAX
147
148
150
152
61. The persistence of poverty in modern life......
From Henry George, Progress and Poverty.
62. The remedy proposed by Henry Ceorge....
63. Results claimed for the single tax..
64. The case for the single tax.
From Debaters' Handbook Series, Selected Articles on
Single Tax.
65. The case against the single tax...
66. Services rendered by the single tax agitation...
From Arthur Nichols Young, The Single Tax Movement in
the United States.
155
158
CHAPTER XII - PROFIT SHARING AND COÖPERATION
67. Profit-sharing establishments in the United States .
161
From the U. S. Department of Labor, Bureau of Labor
Statistics, Profit Sharing in the U. S.
68. Examples of successful profit sharing ...
163
From the National Industrial Conference Board, Research
Report No. 29.
69. Examples of unsuccessful profit sharing ....
165
From Paul Monroe, “Profit Sharing in the U. S.,” American
Journal of Sociology.
70. Examples of successful coöperation
167
From James Peter Warbasse, The Coöperative Consumers'
Movement in the Unitel States.
71. Examples of unsuccessful coöperation.
169
From James Peter Warbasse, Producers' Coöperative In-
dustries.
72. The social benefits of coöperation.
171
From C. R. Fay, Coöperation at Home and Abroad.
CHAPTER XIII — THE GENERAL NATURE OF SOCIALISM
174
175
73. Socialist theory of value..
From Karl Marx, Capital.
74. The laborer creates all value..
From Karl Marx, Value, Price and Profit.
75. The capitalist exploits the laborer...
From Karl Marx and Frederick Engels, The Communist
Manifesto.
177