Scarcely a decade had passed with the advent of a high tariff when the previous tendency toward combination became rapidly accelerated and expressed in the most extensive association of industries which any nation of the world ever beheld. Our "infant industries " had become swollen to proportions of domineering power in politics as well as commerce. The loss of a large proportion of our market to foreign mills having curtailed their output. their workingmen. thus deprived of employment. came to America. and our immigration was enormously stimulated. Under these competitive unprotected conditions. our workingmen sold their labor subject to an unhampered supply and demand. while the products of their labor were sold back to them under protective. noncompetitive conditions. Manufacturers had not yet cornered natural resources. which is the limit of combination control. but large profits in various lines of production induced a stupendous outlay in new competitive industries.
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immigration