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CAN the race profit by experience? This question is raised anew by the industrialism coming to the South. Industrialism brought to England problems that were muddled with disastrous consequences; the record is there for all to read. In the northeastern section of the United States, also, industrialism presented something of the same problems-and was attended by the same serious consequences.

In old England and in New England it was inevitable that the new problems should be seen in terms of old ideas and old arrangements. Only gradually was it discovered that the machine technique was unlike the craft technique, and that corporate business was unlike petty trade.

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