ABSTRACT

A second critical manifestation presented itself. In the economic revival in which industry had taken the lead, the great organizations of workers had also played their part in various ways-by obtaining higher wages through the Trade Unions; by building up a great system of social insurance with at times considerable property in real estate; by establishing large blocks of dwelling-houses and welfare institutions through official and semi-official associations. Not only the Trade Unions but also the world of industry and banking conducted their affairs with the greatest optimism.