The model stock plan

Bibliographic data

Monograph

Identifikator:: 1820833348

URN:: urn:nbn:de:zbw-retromon-210730

Document type:: Monograph

Author:: Filene, Edward A. http://d-nb.info/gnd/123562244

Title:: The model stock plan

Place of publication:: New York

Publisher:: McGraw-Hill Book Company

Year of publication:: 1930

Scope:: xiv, 253 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Introduction

Collection:: Economics Books

INTRODUCTION Under ideal conditions, civilization would move gradually but steadily forward. Scientists would extend their realm each day by some new addition to a vast store of knowledge, artists would add to the technique and skill of their pred- ecessors, and business would progress by extended and comfortable changes. A study of economic history over a long period will show that no such regularity has actually existed in commerce and industry. On the contrary, progress has been made in intermittent bursts of speed, interspersed with periods of stagnation and sometimes of retrogression. Occasionally, a combination of fortunate circumstances has brought about profound and beneficial changes in the world’s business structure. Thus the invention of new machines and a realization of the economies to be effected by mass production were followed by an industrial revolution that has changed, and is still changing, the entire structure of society. So many benefits to humanity have grown out of the increased use of machinery and the concentration of industry in profitable locations that we may place both in the front rank of human achievements. The standard of living has been raised beyond the wildest dreams of fifty years ago and there has been an increasing participation of all classes of people in the material comforts of life. Nevertheless, the mechanization of industry has had bitter opponents. Per- sons whose trades were affected adversely and persons who feared the results of so far-reaching a change fought together against the use of machinery. In the early period of the industrial revolution, many were unable or unwilling to adapt themselves to the new conditions and in consequence suffered severe economic losses and in some cases were reduced to the extremities. rt

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