The New Epoch As Developed By the Manufacture of Power
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Furthermore, the new epoch differs 32 THE NEW EPOCH from all preceding epochs in that it uses tools of great size and cost. Several hundred thousand dollars have been spent for a single steam hammer, a single hydraulic press, or a single train of tools, in a modern steel plant, and each of these is but a single machine among a multitude of others necessary to equip the whole mill. More than two million dollars has been paid for a single passenger ship. The aggregation of many freight steam- ers... makes the fleets which have so greatly reduced the cost of water transportation. The great railroad systems are simply tools for land transportation. It is only by the use of these great tools and by great com- binations of smaller tools that the element of human labor has been so largely elimi- nated from the cost of production and the extraordinary accomplishments of the new epoch made possible. Though the manufac- ture of power gives practically unlimited power where and when we need it, the cost of the machines to manufacture and use that power must be in some measure pro- CAPITAL 33 portionate to its amount ; but the larger the tool or the greater the combination of smaller tools, the less the amount of human labor re- quired to direct these tools in proportion to the power which they develop or use.
What to read after The New Epoch As Developed By the Manufacture of Power?
You can find similar books in the "Read Also" column, or choose other free books by George Shattuck Morison to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Furthermore, the new epoch differs 32 THE NEW EPOCH from all preceding epochs in that it uses tools of great size and cost. Several hundred thousand dollars have been spent for a single steam hammer, a single hydraulic press, or a single train of tools, in a modern steel plant, and each of these is but a single machine among a multitude of others necessary to equip the whole mill. More than two million dollars has been paid for a single passenger ship. The aggregation of many freight steam- ers... makes the fleets which have so greatly reduced the cost of water transportation. The great railroad systems are simply tools for land transportation. It is only by the use of these great tools and by great com- binations of smaller tools that the element of human labor has been so largely elimi- nated from the cost of production and the extraordinary accomplishments of the new epoch made possible. Though the manufac- ture of power gives practically unlimited power where and when we need it, the cost of the machines to manufacture and use that power must be in some measure pro- CAPITAL 33 portionate to its amount ; but the larger the tool or the greater the combination of smaller tools, the less the amount of human labor re- quired to direct these tools in proportion to the power which they develop or use.
What to read after The New Epoch As Developed By the Manufacture of Power?
You can find similar books in the "Read Also" column, or choose other free books by George Shattuck Morison to read onlineMoreLess
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