ABSTRACT
Economic problems in general receive great consideration in Washington and in every state capital. America has passed through several great crises; but her history is nevertheless one of steady, even and healthy development in economic organization. The economic rise of the nation is well reflected in its foreign commerce. The actual advance in economic life of the United States was not such a sudden thing as it seemed to nervous Europe, nor was there any reverse such as Europe delighted to record. The country has a unified organization which favours all economic enterprises. The American is afraid of demoralizing the domestic market more than anything else; since, owing to the strong tendency toward industrial imitation, any economic depression spreads rapidly, and can easily cause a general collapse of prices. Every one knows that the mighty growth of the American industry and of its whole commercial life would not have been possible without the carefully adapted protective tariff of recent years.
