FREE BOOKS

Author's List




PREV.   NEXT  
|<   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78  
79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   >>   >|  
the industrial revolution, namely the alteration in the ratio of the exchange value of manufacture and food--the shift over of advantage in exchange from the side of the industrialist and manufacturer to the side of the producer of food."[27] "Before the War the towns of Europe were the luxurious and opulent centers; the rural districts were comparatively poor. To-day it is the cities of the continent that are half-starved or famine-stricken, while the farms are well-fed and relatively opulent. In Russia, Poland, Hungary, Germany, Austria; the cities perish but the peasants for the most part have a sufficiency. The cities are finding that with the breakdown of the old stability--of the transport and credit systems particularly--they cannot obtain food from the farmers. This process which we now see at work on the continent is in fact the reverse of our historical development."[28] But although the farmer may have sufficient food for the time--though in Russia millions are starving, due in considerable measure to the economic and political chaos of the nation--yet if this reverse process should go on, rural civilization would be reduced to that of former generations, and its advance would be possible only when the industries which furnish its material basis were revived and confidence in the medium of exchange were again established. The city owes its existence to the farm, but without the city the farm would go back to the hoe and the sickle and the "age of homespun." I am not seeking to justify the modern city, for its economic and social weaknesses are ever increasingly apparent, but it is important that we fully realize the fact that rural progress has been chiefly due to the goods and services received in exchange from urban markets. We have already noted the tendency toward specialization in agriculture and its effect on the rural community, and that specialization has been chiefly due to markets. One of the chief factors in encouraging specialization in the growth of certain products by whole communities and sections is the fact that a larger volume of a given product ensures better marketing facilities and a better price to the producer as long as the supply is not in excess of the demand. Where there is a considerable volume of a certain product, buyers can meet their demands more easily and are attracted to it
PREV.   NEXT  
|<   54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78  
79   80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   >>   >|  



Top keywords:

exchange

 
cities
 
specialization
 

volume

 
process
 
Russia
 
product
 

economic

 

chiefly

 

reverse


markets
 

considerable

 

opulent

 

producer

 
continent
 
revived
 

apparent

 

increasingly

 

important

 
weaknesses

realize
 

industries

 

material

 

progress

 
social
 

furnish

 

seeking

 
established
 

revolution

 
existence

sickle
 

confidence

 

justify

 

medium

 

homespun

 
modern
 

supply

 

excess

 

facilities

 
marketing

larger

 

ensures

 

demand

 

demands

 
easily
 

attracted

 

buyers

 
sections
 

communities

 

tendency