,P>T #a1 ,*APT] #b 
,CAPITALISM--,ITS ,DEVELOPM5T ,9 ,! ,UNIT$ ,/ATES4 --,CONT9U$ 

#ahhgahhg 

,PEOPLE 3 

,AU?OR 3 ,ALB]T ,P>SONS 

,TEXT 3 

,P>SONS1 ,ALB]T ,RI*>D4 ,AN>*ISM3 ,ITS ,PHILOSOPHY & ,SCI5TIFIC ,BASIS AS DEF9$ BY SOME ( ITS APO/LES4 ,*ICAGO1 ,MRS4 ,A4 ,R4 ,P>SONS .<C#a#h#h#g.>4 

  

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 ,C,A,P,I,T,A,L,I,S,M--,I,T,S ,D,E,V,E,L,O,P,M,5,T ,9 ,! ,U,N,I,T,$ ,/,A,T,E,S4 --,C,O,N,T,9,U,$4 

,) ! T]M9ATION ( ! W> ( #ahfa BEGAN ! SECOND EPO* ( CAPITALISM 9 ! ,UNIT$ ,/ATES4 ,! EX-*ATTEL SLAVE WAS 5FRAN*IS$1--MADE A POLITICAL SOV]EIGN4 ,HE WAS N[ A 0FREEMAN0 )\T AN 9* ( SOIL1 A C5T ( MONEY1 A /IT* ( CLO!S OR A MORSEL ( FOOD4 ,HE WAS FREE TO COMPETE ) HIS FELL[ WAGE-WORK] = AN OPPORTUNITY TO S]VE CAPITAL4 ,! CONDITIONS ( HIS FRE$OM CONSI/$ 9 ! RI<T TO WORK ON ! T]MS DICTAT$ BY HIS EMPLOY]1 OR--/>VE4 ,!RE NO LONG] EXI/$ ANY SECTIONAL CONFLICTS OR O!R CONFLICTS ( A DI/URB+ POLITICAL NATURE4 ,ALL M5 W]E N[ 0FREE & EQUAL BE=E ! LAW40 ,A P]IOD ( UNPREC$5T$ ACTIVITY 9 CAPITALI/IC CIRCLES SET 94 ,/EAM & ELECTRICITY APPLI$ TO MA*9]Y WAS EMPLOY$ 9 ALMO/ EV]Y DEP>TM5T ( 9DU/RY1 & COMP>$ ) =M] TIMES FABUL\S WEAL? WAS CREAT$4 

,POLITICAL P>TIES1 NO LONG] DIVID$ 9 9T]E/ UPON PROP]TY QUE/IONS1 ALL LEGISLATION WAS C5T]$ UPON A DEVELOPM5T ( ! RES\RCES ( ! C\NTRY4 ,TO ?IS 5D VA/ TRACTS ( GOV]NM5T L&1 AM\NT+ TO MANY MILLION ACRES1 EQUAL+ 9 EXT5T SEV5 /ATES ! SIZE ( ,ILL9OIS W]E DONAT$ AS SUBSIDIES TO ! PROJECTORS ( RAILWAYS4 ,! NATIONAL DEBT1 9CURR$ TO PROSECUTE ! REBELLION1 & AM\NT+ TO ?REE BILLION DOLL>S WAS CAPITALIZ$1 BY CREAT+ 9T]E/ UPON ! BONDS4 ,HUNDR$S ( MILLIONS W]E GIV5 AS BONUSES TO PROPOS$ RAILWAYS1 /EAM%IP L9ES1 ETC4 ,A PROTECTIVE T>IFF LAW WAS 5ACT$ :I* = ! PA/ TW5TY YE>S HAS ,IMPOS$ A TAX UPON ! PEOPLE AM\NT+ TO ONE BILLION DOLL>S ANNUALLY4 ,A ,NATIONAL ,BANK+ SY/EM WAS E/ABLI%$ :I* GAVE CONTROL ( F9ANCE TO A BANK+ MONOPOLY4 ,BY MEANS ( !SE & O!R LAWS CAPITALI/ COMB9ATIONS1 MONOPOLIES SYNDICATES1 & TRU/S W]E CREAT$ & FO/]$1 UNTIL !Y OBTA9$ ABSOLUTE CONTROL ( ! PR9CIPLE AV5UES ( 9DU/RY1 COMM]CE & TRADE4 ,>BITR>Y PRICES >E FIX$ BY !SE COMB9ATIONS & ! CONSUM]S--MA9LY ! POOR-->E COMPELL$ BY !IR NECESSITIES TO PAY :ATEV] PRICE IS EXACT$4 ,?US DUR+ ! PA/ TW5TY-FIVE YE>S1--S9CE ! ABOLITION ( ! *ATTEL-SLAVE LABOR SY/EM--TW5TY-FIVE ?\S& MILLIONAIRES HAVE BE5 CREAT$1 :O BY !IR COMB9ATIONS CONTROL & VIRTUALLY [N ! FIFTY BILLION DOLL>S E/IMATE WEAL? ( ! ,UNIT$ ,/ATES1 :ILE ON ! O!R H& TW5TY MILLION WAGE WORK]S HAVE BE5 CREAT$ :OSE POV]TY =CES !M 9TO A CEASELESS COMPETITION ) EA* O!R = OPPORTUNITY TO E>N ! B>E NECESSITIES ( EXI/5CE4 ,:AT HAD1 !RE=E1 REQUIR$ G5]ATIONS TO ACCOMPLI% 9 ,GREAT ,BRITA9 & ! CONT95T1 WAS A*IEV$ DUR+ ! PA/ TW5TY-FIVE YE>S 9 ! ,UNIT$ ,/ATES1 TO WIT3 ,! PRACTICAL DE/RUCTION ( ! MIDDLE-CLASS 7SMALL DEAL]S1 F>M]S1 MANUFACTUR]S1 ETC471 & ! DIVISION ( SOCIETY 9TO TWO CLASSES--! WAGE WORK] & CAPITALI/4 ,:ILE ! FABUL\S =TUNES RESULT+ FROM LEGISLATION 5ACT$ 9 ! NAME ( ! PEOPLE W]E BE+ ACQUIR$1 ! PEOPLE W]E NOT CONSCI\S ( ! EVIL EFFECTS :I* W\LD FL[ FROM ?OSE LAWS4 ,NOT UNTIL ! EVIL EFFECTS W]E FELT W]E !Y AW>E ( ! SLAV]Y TO :I* !Y HAD BE5 LAWFULLY R$UC$4 ,! FIR/ GREAT P9* ( ! LAWS WAS FELT ?R\<\T ! :OLE C\NTRY 9 ! F9ANCIAL PANIC ( #a#h#g#c-#g#g1 RESULT+ 9 ! LATT] YE> 9 WIDE-SPREAD /RIKES ( ! UNEMPLOY$ & POORLY PAID WAGE CLASS4 ,9 RESPONSE TO ! DEM& = 9=MATION UPON ECONOMIC MATT]S1 ,BUREAUS ( ,LABOR W]E E/ABLI%$ 9 MANY ,/ATES1 AS ALSO = ! G5]AL GOV]NM5T AT ,WA%+TON4 ,!SE /ATI/ICS RELAT$ TO OP]ATIONS & EFFECTS ( CAPITALISM 9 ! *IEF DEP>TM5TS ( 9DU/RY & TRADE4 ,! ABSORPTION ( ! SMALL] 9DU/RIES ETC41 ETC41 9TO ! GREAT CORPORATIONS1 SYNDICATES1 ETC41 WAS V]Y RAPID4 ,! ,NATIONAL COMM]CIAL AG5CY 7,BRAD/REET'S7 FURNI%$ /ATI/ICS %[+ UNPREC$5T$ BANKRUPTCIES4 ,! ,AGRICULTURAL ,BUREAUS ( ! V>I\S ,/ATES GAVE ACC\NTS ( SIMIL> DEPRESSIONS 9 AGRICULTURE4 ,ILL9OIS1 ! RI*E/ AGRICULTURAL ,/ATE 9 ! ,UNIT$ ,/ATES & = ?AT REASON A CRIT]ION = ! O!RS1 IS %[N BY ! /ATI/ICS ( ! ,/ATE ,BO>D ( ,AGRICULTURE = #ahhf TO HAVE OV] ?REE-F\R?S ( ITS F>MS MORTGAG$1 & ?AT ! CROPS = ! LA/ FIVE YE>S HAVE NOT PAID ! CO/ ( PRODUCTION6 ,ILL9OIS IS ! GREATE/ CORN PRODUC+ ,/ATE 9 ! ,UNION & ! /ATI/ICS GIV5 BY ! ,/ATE ,BO>D ( ,AGRICULTURE ON ?AT CROP IS AS FOLL[S3 

,= ! YE> #ahhb AT A LOSS ( 

 ,= ! YE> #ahhc AT A LOSS ( 

 ,= ! YE> #ahhd AT A LOSS ( 

 ,= ! YE> #ahhe AT A LOSS ( 

 ,= ! YE> #ahhf AT A LOSS ( 

,TOTAL LOSS 9 FIVE YE>S 
  #a1#b#g#c1#e#g#a4 

#h1#f#b#a1#d#d4 

#a#a1#g#h1#e#e#d4 

 #a1#h#c#a1#g#a4 

#a#i1#g#g1#b#i4 

 @s#e#a 1#e#g#g1#d#g#e4   
  

,! ,BUREAU ALSO /ATES ?AT MORE ?AN TWO-?IRDS ( ! F>MS :I* HAVE SUFF]$ !SE LOSSES >E MORTGAG$4 ,9VE/IGATION %[S ! SAME CONDITION EXI/S 9 EV]Y ,/ATE4 ,/ATI/ICS %[ ?AT ! CONDITION ( ! F>M+ CLASS1 AS A CLASS1 IS F> WORSE ?AN IT WAS TW5TY OR ?IRTY YE>S AGO4 ,! ,AM]ICAN F>M] AS A CLASS IS 5SLAV$ BY MORTGAGES1 & RAPIDLY DRIFT+ 9TO PEASANTRY & S]FDOM AGRICULTURE4 ,MEAN:ILE ! /UP5D\SLY 9CREAS+ AGGREGATION ( WEAL? 9TO ! B&S ( A FEW IS GO+ ON4  

,9 MANUFACTURE /ATI/ICS IT IS %[N ?AT :ILE ! NUMB] ( MANUFACTUR]S AX DIM9I%+ FROM #a TO #c P] C5T EV]Y YE> ! REMA9D] >E 9CREAS+ !IR WEAL? 5ORM\SLY1 & ?AT :ILE ! WAGES ( LABOR LAVE BE5 DIM9I%+ YE>LY ! NUMB] ( WORK]S WANT+ WORK & UNABLE TO PROCURE IT HAVE RAPIDLY 9CREAS$4 ,! ,UNIT$ ,/ATES C5SUS = #a#h#h1 GIVES 9 ,C5SUS ,BULLET9 #cb ELABORATE DETAILS ( CAPITAL 9VE/$1 NUMB] ( P]SONS EMPLOY$1 ! AM\NT ( WAGES PAID1 VALUE ( MAT]IALS US$1 ! VALUE ( ALL ! E/ABLI%M5TS ( MANUFACTUR+ 9DU/RY1 GAS EXCEPT$1 9 EA* ( ! ,/ATES & ,T]RITORIES AS FOLL[S3 

,! NUMB] ( 9DU/RIAL E/ABLI%M5TS IS #b#e#c1#h#d1 HAV+ A CAPITAL ( @s#b1#g#i1#b#b#c1#e#f4 ,( ?IS NUMB] ,NEW ,YORK HAS #d#b1#g#c#i1 ) A CAPITAL ( @s#e#a#d1#b#d#f1#e#g#e1 EMPLOY+ #c#f#d1#e#e#a MALES ABOVE SIXTE5 YE>S ( AGE1 & #a#c#g1#c#i#c FEMALES ABOVE ! AGE ( FIFTE5 YE>S4 ,! TOTAL AM\NT PAID 9 WAGES DUR+ ?AT YE> AGGREGAT$ @s#b#i#h1#f#c#d1#b#i1 & ! VALUE ( ! PRODUCTS WAS @s#a1#h1#f#c#h1#f#i#f4 

,P5NSYLVANIA FOLL[S ! ,EMPIRE /ATE ) #c#a1#b#b#e WORK%OPS1 #c#h#g1#a#a#b EMPLOYES & A CAPITAL ( @s#d#d#g1#d#i#i1#i#i#c4 ,! VALUE ( ITS PRODUCTS IS @s#g#d#d1#g#d#h1#d#e1 OR @s#c#c#e1#h#i1#f#e#a LESS ?AN ?AT ( ,NEW ,YORK4 ,9 ! NOR!RN /ATES1 9CLUD+ ,MA9E1 ,NEW ,HAMP%IRE1 ,V]MONT1 ,MASSA*USETTS1 ,CONNECTICUT1 ,RHODE ,ISL&1 ,NEW ,YORK1 ,NEW ,J]SEY1 ,P5NSYLVANIA1 ,OHIO1 ,9DIANA & ,MI*IGAN1 !RE >E #a#e#c1#d#e#c PLACES ( 9DU/RY1 OR #h1#i#h#b MORE ?AN 9 ! /ATES ( ,DELAW>E1 ,M>YL&1 ,VIRG9IA1 ,WE/ ,VIRG9IA1 ,NOR? ,C>OL9A1 ,S\? ,C>OL9A1 ,K5TUCKY1 ,T5NESSEE1 ,GEORGIA1 ,ALABAMA1 ,MISSISSIPPI1 ,FLORIDA1 ,>KANSAS & ,TEXAS4 

,RHODE ,ISL&1 ! SMALLE/ ,/ATE 9 ! ,UNION1 HAS #b1#b#e WORK%OPS1 :I* IS #a1#d#e#i MORE ?AN ,DELAW>E1 ! NEXT SMALLE/1 & ONLY #gia LESS ?AN ,TEXAS1 ! L>GE/ ,/ATE 9 ! ,UNION4 ,9 AM\NT ( CAPITAL 9VOLV$1 H[EV]1 ,RHODE ,ISL& IS @s#f#f1#c#c1#c#h#b AHEAD ( ,TEXAS1 & ! VALUE ( H] PRODUCTS IS @s#a#d1#a#f#c1#f#b#a1 :ILE ?AT ( ,TEXAS IS ONLY @s#b1#g#a#i1#a#b#h4 

,! ,DI/RICT ( ,COLUMBIA1 ) #iga E/ABLI%M5TS & @s#e1#e#e#b1#e#b#f CAPITAL1 IS AHEAD ( ,FLORIDA & ,COLORADO 9 ! VALUE ( ITS PRODUCTS & 9 ! NUMB] ( WORK%OPS4 ,! ,DI/RICT EMPLOYS #e1#d#i#e MALES ABOVE SIXTE5 YE>S ( AGE1 & #a1#c#h#i FEMALES ABOVE FIFTE5 YE>S ( AGE1 & #a1#c#h#i *ILDR5 & Y\?S4 ,! E/ABLI%M5TS PAY TO !SE H&S @s#c#c1#i#b#d1#f#a#b 9 WAGES YE>LY1 & ! PRODUCTS MANUFACTUR$ AGGREGATE @s#a#a1#h#h#b1#c#a#f1 ! VALUE ( MAT]IALS US$ BE+ @s#c1#c#f#e1#d4 

,COLORADO1 ! Y\NGE/ ,/ATE1 :I* WAS ADMITT$ 9TO ! ,UNION 9 #a#h#g#f1 CAN %[ BUT V]Y LITTLE 9CREASE 9 ! VALUE ( ITS PRODUCTS OV] ?AT ( ! ,DI/RICT ( ,COLUMBIA4 ,?IS ,/ATE HAS #eii E/ABLI%M5TS & A CAPITAL ( @s#d1#c#a#a1#g#a#d4 ,IT EMPLOYS #d1#f#b#e MALES1 #bff FEMALES1 #aef *ILDR51 & PAYS 9 WAGES @s#b1#c#a#d1#d#b#g1 OR @s#a1#f#a1#a#h#e LESS ?AN IS PAID = WAGES 9 ?IS ,DI/RICT4 

,=M+ ! RE> ( ?IS LONG L9E ( ,/ATES & ,T]RITORIES COMES ,>IZONA ) #ff WORK%OPS & AN 9VE/$ CAPITAL ( @s#b#g#b1#f4 ,!RE >E #baf M5 EMPLOY$ 9 ! ,T]RITORY1 :I*1 ADD$ TO ! TWO FEMALES & ! TWO *ILDR51 MAKE A TOTAL ( #bb P]SONS ACTIVELY 5GAG$ 9 9DU/RIAL OCCUPATIONS4 ,! TOTAL AM\NT ( WAGES IS @s#a#a#a1#a#h1 :ILE ! VALUE ( ! PRODUCTS FROM !SE E/ABLI%M5TS IS @s#f#a#e1#f#e#e4 

,9 ! #b#e#c1#h#d WORK%OPS ?R\<\T ! C\NTRY1 ! AV]AGE NUMB] ( H&S EMPLOY$ IS #b1#g#c#h1#i#e4 ,( ?IS NUMB] #b1#b#e1#b#g#i >E MALES1 #e#c#a1#g#e#c FEMALES1 & #a#h#a1#i#a#h *ILDR54 ,! TOTAL AM\NT ( WAGES PAID \T DUR+ ! YE> IS @s#i#d#g1#i#a#i1#f#g#d1 & ! VALUE ( ! PRODUCTS IS @s#e1#c#f#i1#f#f#g1#g#f4 

,! LI/ QUOTES ! VALUE ( ! MAT]IALS US$ 9 MANUFACTUR+ AS AGGREGAT+ @s#c1#c#i#d1#c#d1#b#i1 :I* LEAVES A PR(IT ON PRODUCTS OR4 @s#a1#i#g#e1#c#b#g1#f#g#g4 ,:5 ! AM\NT PAID = WAGES IS D$UCT$ FROM ?IS1 !RE REMA9S A CLE> M>G9 ON ! FIGURES QUOT$ ( @s#a1#b#g1#d#h1#c4 

,FROM ! /ATI/ICS GIV5 ABOVE WE LE>N ?AT ! AV]AGE WAGES ( EA* WAGE WORK] AM\NTS TO @s#c#d P] ANNUM1 & ! AV]AGE ANNUAL MET PR(IT ON ! LABOR PRODUCT ( EA* WAGE WORK] IS @s#c#g#d4 ,! ,UNIT$ ,/ATES C5SUS = ! YE> #ahh CONTA9S TABLES :I* %[ ?AT ! DAILYAV]AGE PRODUCT ( EA* WAGE WORK] 9 MANUFACTUR+ 9DU/RY IS VALU$ AT @s#a1 & ! DAILY AV]AGE WAGE AT @s#a4#a#e4 ,! 9CREASE 9 ! QUANTITY ( WEAL? :I* A WAGE LABOR] CAN N[ PRODUCE AS COMP>$ TO #ahh IS ASCRIB$ TO ! 9CREAS$ APPLICATION ( MA*9]Y & ! 9CREAS$ SUB-DIVISION & CONSEQU5T SIMPLIFICATION ( ! PROCESS ( PRODUCTION4 ,TO ?IS FACT IS ALSO DUE ! DIM9UTION ( ! %>E 7WAGES7 ( !IR PRODUCT1 :I* ! WORK]S N[ RECEIVE1 AS WELL AS ! 9CREASE ( ! NUMB] ( 5=C$ IDLE S9CE #a#h#h4 

,! ,UNIT$ ,/ATES ,C5SUS = #ahh GIVES ! ANNUAL AV]AGE WAGES ( EA* LABOR] 5GAG$ 9 MANUFACTURE AT @s#c#d1 & ! ANNUAL AV]AGE NET PR(IT ON CAPITAL 9VE/$ AT @s#c#g#d4 ,9 O!R WORDS1 EA* LABOR] PRODUC$ VALUES AM\NT+ TO @s#f#g#h1 = :I* !Y RECEIV$ @s#c#d 9 WAGES1 !1 REMA9+ @s#c#g#d BE+ ! AM\NT :I* ! [N]S ( CAPITAL *>G$ !M = ITS USE4 

,! WAGE SY/EM IS ! F\NDATION UPON :I* ! ,UNIT$ ,/ATES4 ,GOV]NM5T1 9 COMMON ) ALL O!R GOV]NM5TS1 RE/S4 ,?IS F\NDATION WAS LAID 9 ! ,CON/ITUTIONAL ,CONV5TION ( #a#g#h#g1 AS DESCRIB$ BY ,JOHN ,ADAMS :5 HE SAID3 0,:AT MATT]S IT :E!R Y\ GIVE ! FOOD & CLO!S TO ! SLAVE DIRECT1 OR :E!R Y\ JU/ GIVE HIM 5\< 9 WAGES TO PUR*ASE ! SAME80 ,NE>LY ONE HUNDR$ YE>S LAT] ! CITIZ5S ( ! ,UNIT$ ,/ATES APPEAL$ TO >M$ REVOLUTION2 ! ,CON/ITUTION WAS SET ASIDE & MILLIONS ( PROP]TY & NE>LY A MILLION HUMAN LIVES W]E SACRIFIC$ 9 ORD] TO PLACE ! *ATTEL SLAVE UPON ! SAME 9DU/RIAL PLANE AS ! WAGE WORK]4 ,BE=E ! 9AUGURATION ( ! W> ( ! REBELLION (F]S W]E MADE TO ! SLAVEHOLD]S TO PAY !M @s#a1 A PIECE = !IR SLAVES1 AS BE+ F> *EAP] & MORE HUMANE ?AN TO EMBROIL ! NATION 9 CIVIL W>4 ,?AT PRICE WAS 9DIGNANTLY REJECT$1 AS BE+ TOO SMALL2 BESIDES ! SLAVEHOLD]S HELD ?AT *ATTEL SLAV]Y WAS A1 0DIV9E 9/ITUTION10 & IT W\LD1 !RE=E1 BE SACRILEGE TO ATTEMPT ITS ABOLITION4 ,9 #a#h#h1 SIXTE5 YE>S AFT] ! CLOSE ( ! REBELLION1 ! ,UNIT$ ,/ATES ,C5SUS /ATES !RE WAS 9VE/$ 9 ! WOOL5 9DU/RIES ( ! C\NTRY CAPITAL AM\NT+ TO @s#a#e#i111 & ! NUMB] ( WAGE1 WORK]S EMPLOY$ #a14 ,! CAPITAL REPRES5T$ AN AV]AGE 9VE/M5T ( @s#i#i#e TO EA* WAGE LABOR]4 ,! CO/ ( RAW MAT]IAL WAS @s#a#f#d112 ! VALUE ( MANUFACTUR$ MAT]IAL WAS PLAC$ AT @s#b#f#g114 ,! 9CREAS$ VALUE ( ! MANUFACTUR$ MAT]IAL OV] ! RAW IS PLAC$ AT @s#a#g114 ,?AT UPON @s#i#i#e 9VE/$1 AN ANNUAL PR(IT ( @s#c#d#c WAS OBTA9$1 :ILE ! AV]AGE ANNUAL WAGES ( EA* OP]ATIVE WAS @s#b#i#c1 OR FIFTY DOLL>S LESS ?AN ! 9COME D]IV$ FROM ! @s#i#i#e4 

,*ATTEL SLAVES BE=E ! W> W]E VALU$ AT @s#a1 APIECE4 ,SIXTE5 YE>S AFT] ! ABOLITION ( *ATTEL SLAV]Y1 WAGE WORK]S EMPLOY$ 9 MANUFACTURES 9 ,JOHN ,ADAMS' ,/ATE 7,MASSA*USETTS7 W]E WOR?1 COMM]CIALLY1 @s#h#e1 OR @s#a#e LESS ?AN ! =M] *ATTEL SLAVE4 ,!SE /ATI/ICS PROVE ! CLAIM MADE BY ! SUPPORT]S ( ! WAGE1 SY/EM ( LABOR ?AT WAGE LABOR IS *EAP] ?AN *ATTEL LABOR4 ,!Y DEMON/RATE ! ECONOMIC LAW ( COMPETITION1 :I* IS ! RULE ( ! *EAPE/4 ,! PROP]TYLESS CLASS-! WAGE WORK]S->E BY COMPETITION =C$ TO SELL !IR LABOR--!MSELVES--TO ! L[E/ BIDD] OR />VE4  

,FROM 3 ,AN>*Y ,>*IVES4 

,*RONOLOGY 3 
,NOVEMB] #c1 #ahhf 3 ,P>T #a1 ,*APT] #b -- ,PUBLICATION4 
,FEBRU>Y #h1 #bag 3 ,P>T #a1 ,*APT] #b -- ,ADD$4 

 FILE G5]AT$ FROM 3  
HTTP3_/_/REVOLTLIB4COM_/