Coin, Currency And Commerce : An Exposition of Their Actual Relations And Containing Outlines of Monetary Theory

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If the charge be well founded, strikes have held wages up in the United States well-nigh universally during the inter- val : a comparison of the rates obtaining in 1872 and 1892 shows that they had risen or at least kept their range in all departments.* In a few instances overpro- *Is it not so? One may securely appeal to the recollection of the observing reader, or leave the determination to his per- sonal investigation; for which many guides are to be had in recent review articles and in the ...indexes and reference-books of public libraries.
190 Currency and Standard Unit.
duction or the competition of foreign (particularly Canadian and Italian labor) induced local and tempo- rary depressions. Protective tariffs cannot be adduced as keeping up the price of labor, or of anything, against a currency appreciation during the period. For in the first place there was no restriction on the immigration of foreign labor: all classes were open to the competi- tion of their fellow-craftsmen in Europe by the migra- tion of the latter.


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