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Now that the ethical degradation of the industrial revolution has been stayed and society has turned its face from the clatter of mass-production for its own sake, now that ethical reflection has been united with reason and science in a sane realism, now that sympathy is abroad in the land, now that democracy with its conception of human brotherhood is astir throughout the world, ethics has secured a firm foundation in the free aspirations of free men.

This, we are sadly aware, took time; for the brightly-colored hopes sent skyward so long ago as 1914, and the vistas discovered as a consequence by young men whose eyes till then had been resting safely on the ground, and the daring and lively questioning that was aroused by the incessant nudging of sleeping minds, coincided, as it unluckily happened, with the beginnings when the "Great War" ended, of mass-production and international finance, so developing problems of government, the solving of which could not be reconciled with any admission of individual liberty and personal right.

The two outstanding features of the new order were the rise of machine-industry with its incalculable acceleration of mass-production, and the correlative development of cheap and rapid transportation. Both these factors favoured a prodigious increase in economic power and wealth in Europe, since Europe became the workshop of the world.

Coming to more recent times, we find that the modern Russian factory system likewise owes its origin to governmental initiative, namely, to the government's railway-building policy. The government built the railways for strategic and fiscal reasons but incidentally created a unified internal market which made mass-production of articles of common consumption profitable for the first time.