Industrial Revolution Reference Library Volume III Primary by James L. Outman, Elisabeth M. Outman

By James L. Outman, Elisabeth M. Outman

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Rather he believed the money should go to institutions that would improve people’s lives. Carnegie himself chose to give money to build public libraries, providing funding to establish libraries in almost every state, and overseas as well. • In Andrew Carnegie’s time, there was no federal tax on incomes (the first federal income tax was imposed after adoption of the Sixteenth Amendment in 1913). Nor was there a federal tax on estates (the property and possessions, including money, left by a person at death).

Modern industry has established the world market, for which the discovery of America paved the way. This market has given an immense development to commerce, to navigation, to communication by land. This development has, in turn, reacted on the extension of industry; and in proportion as industry, commerce, navigation, railways extended, in the same proportion the bourgeoisie developed, increased its capital, and pushed into the background every class handed down from the Middle Ages. We see, therefore, how the modern bourgeoisie is itself the product of a long course of development, of a series of revolutions in the modes of production and of exchange.

Owing to the extensive use of machinery, and to the division of labor, the work of the proletarians has lost all individual character, and, consequently, all charm for the workman. He becomes an appendage of the machine, and it is only the most simple, most Industrial Revolution: Primary Sources monotonous, and most easily acquired knack, that is required of him. Hence, the cost of production of a workman is restricted, almost entirely, to the means of subsistence that he requires for maintenance, and for the propagation of his race.

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