Excerpt from The Recent Financial, Industrial, and Commercial Experiences of the United States: A Curious Chapter in Politico-Economic History IF it be an axiom in political and social, as well as in physical and natural science, that the first essential for progress consists in the cor rect observation and record of phenomena, whereby old laws or princi ples may be verified or extended, and new ones discovered, it would be difficult to imagine a field more fruitful for investigation and more promising of reward, than the history of the recent financial, industrial, and commercial experiences of the United States - experiences which have truly the character of vast social and political experiments, made on a scale of magnitude rarely, if ever, before equalled; for the most part empirically tentative in character, and affecting in their results, not only the growth, the income, and the industrial pursuits of the nation directly and immediately concerned, but also in a greater or less degree the trade and commerce of the whole civilized world. It is proposed to briefly relate the history of these experiences especially in their relations to prices, taxation, industrial development. And international commercial relations. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.