American Industrial Problems (Classic Reprint)
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Excerpt from American Industrial Problems
At the opening of the twentieth century the British nation was haunted by two nightmares - the war in South Africa and the American bogey. The first is fortunately over and done with, but the second is still with us. Though the American bogey has passed out of the hysterical stage and can now be regarded with comparative calmness, it is far from being disposed of. Europe is growing accustomed to the formidable competitor who has sprung so suddenly into the centre of the industrial arena. She is recovering from her first fright at the transatlantic invasion of her markets. She finds that the invaders are not quite so formidable as they threatened to be, and that there is still some hope for at least a few of her staple industries. The bogey is no longer so alarming as it was.
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