John Pierpont Morgan, der Weltbankier

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Monograph

Identifikator:: 1780948581

URN:: urn:nbn:de:zbw-retromon-168414

Document type:: Monograph

Author:: Smith, Henry Justin http://d-nb.info/gnd/124454801

Title:: John Pierpont Morgan, der Weltbankier

Place of publication:: Dresden

Publisher:: Reissner

Year of publication:: 1928

Scope:: 310 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Fünfzehntes Kapitel. Morgan als Mensch

Collection:: Economics Books

Geographical Conditions of Manufacture 241 Fic. 161. An old-fashioned source of power for manufacturing and its modern substitute. Find hut the difference between the old type of * water-wheel’’ and the new type of ‘‘ turbine.” How joes each turn the machinery inside the ‘‘factory’ ? without employment, and being poorly supported, are easily induced to become silk operatives at low wages. Paterson, New Jersey, Scranton, Pennsylvania, and Wilkes Barre, Pennsylvania, are thus important silk manufacturing centers. Manufacturing in relation to capital. A great amount of money is required to build factories, equip them with machinery, buy raw ma- terials, and pay the wages of workmen and superintendents before money comes in as a result of sales. Even after a factory is in good running order, more and more money may have to be invested to main- tain it and to establish business relations. If a region lacks capital, it is hampered in building up manufacturing industries, for people are more willing to invest in local industries than in those of distant places not so well known to them. This is another reason why New York, the world’s financial center, has so many industries. Relation of industries to an early start. England was the first country to develop modern manufacturing. Long before most other countries had started, she had a body of skilled workers, numerous inventors of machinery, and a large capital derived from industrial activity. People all over the world had learned to look to England for manufactured goods, and had acquired confidence in English skill. Hence it was easier for new industries to begin in England than else- where. This advantage of an early start helps England even today.

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