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CHAPTER I. THE BACKGROUND Three momentous things symbolize the era that begins its cycle with the memorable year of 1776: the Declaration of Independence, the steam engine, and Adam Smith's book, "The Wealth of Nations." The Declaration gave birth to a new nation, whose millions of acres of free land were to shift the economic equilibrium of the world; the engine multiplied man's productivity a thousandfold and uprooted in a generation the... more...

CHAPTER I. THE RISE OF THE PARTY The party system is an essential instrument of Democracy. Wherever government rests upon the popular will, there the party is the organ of expression and the agency of the ultimate power. The party is, moreover, a forerunner of Democracy, for parties have everywhere preceded free government. Long before Democracy as now understood was anywhere established, long before the American colonies became the United... more...

CHAPTER I OPENING THE DOOR Long before men awoke to the vision of America, the Old World was the scene of many stupendous migrations. One after another, the Goths, the Huns, the Saracens, the Turks, and the Tatars, by the sheer tidal force of their numbers threatened to engulf the ancient and medieval civilization of Europe. But neither in the motives prompting them nor in the effect they produced, nor yet in the magnitude of their numbers,... more...