ABSTRACT
The headlessness, the low social pressure, the waste and brutality of the old period could not at once give way to socialization. What followed was the monopoly age, the age of utilization. Its specific feature was the trust; its typical class the plutocracy. It represented the old individualism of America, upon which was grafted the new ideal of continental reorganization. From top to bottom American industry was in process of reorganization. While chemists, engineers, inventors, statisticians, agriculturalists, foresters, factory organizers all contributed to the reorganization of American business, the greatest contribution was that of the financiers, of the trust builders. In America nationalism and patriotism attach themselves to soil, which is one and indivisible, and not to people, which is diverse. In the conquest of the continent America had become a wealthy and powerful nation, with a strong national consciousness.
