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Updated: July 4, 2025
In spite of the alarms of a few who seek to regain control of American life, most businessmen, big and little, know that their government is trying to make property more secure than ever before by giving every family a real chance to have a property stake in the nation.
In this we have had assistance from many bankers and businessmen, most of whom recognize the past evils in the banking system, in the sale of securities, in the deliberate encouragement of stock gambling, in the sale of unsound mortgages and in many other ways in which the public lost billions of dollars.
The other was set afoot by interested businessmen, backed by politicians, seconded by newspapers, and borne by the community at large, in great part under misapprehension and stung by wounded pride.
The tragedian always thinks he can succeed in comedy; the comedian spends hours in his garret rehearsing tragedy; most preachers have an idea that they could have made a quick fortune in business, and many businessmen are very sure that if they had taken to the pulpit there would now be fewer empty pews. So the greatest landscape-painter of recent times imagined himself a poet.
Private businessmen and farmers have invested more than 200 billion dollars in new plant and equipment since the end of World War II. Prices have risen further than they should have done but incomes, by and large, have risen even more, so that real living standards are now considerably higher than seven years ago.
These businessmen established an able superintendent with a large salary, with his tenure of office secured by State law so that he would not be disturbed by the wrath of the balked politician. They instituted impersonal examinations for the teachers both as to entrance into the system and promotion, and they proceeded "to hold the superintendent responsible" for smooth-running schools.
You find good businessmen who save all the old envelopes and scraps, and would not tear a new sheet of paper, if they could avoid it, for the world. This is an illustration of Dr. Franklin's "saving at the spigot and wasting at the bung-hole;" "penny wise and pound foolish."
Businessmen amass superfluous wealth and collectors bid in auctions regardless of their age. We all particularly economists seem to deny the prospect of death. Examples of this denial abound in the dismal science: Consider the invention of the limited liability corporation. While its founders are mortals the company itself is immortal.
Together they are often described as the bourgeois revolution, which resulted in the power shift from landlords, ecclesiastics and knights in armor to businessmen, protected and assisted by the state, the church, channels of information and propaganda, the police and other armed forces. Cultural reforms accompanied the reforms in politics and economics.
With the spread of book printing, all kinds of books became easily accessible, including reprints of examination papers. Even businessmen and farmers increasingly learned to read and to write, and many people now could prepare themselves for the examinations. Attendance, however, at the examinations cost a good deal.
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