Chapter 23

9. Discuss the origin of capital. (Carver, chapter xi.)

10. What are the two factors which give value to land? (Carver, page 111.)

11. Explain the statement that thousands of individuals co÷perate to furnish the humblest workman with food and clothing. (Smith, chapter i.)

12. What is the secret of modern industrial efficiency? (Adams, page 87.)

TOPICS FOR INVESTIGATION AND REPORT

I

1. Visit a factory, mill or shop in your vicinity and study the organization of the plant with regard to the application of the principle of the division of labor. Secure the amount of output per man by dividing the total product by the number of workmen co÷perating in its production. Compare the output per man under these conditions with the probable output per man if each workman were working separately, without material assistance from other workmen.

2. Study, both by inquiry and by observation, the effects of the division of labor upon the health and spirits of the workmen in the factory, mill or shop visited.

3. Classify the industries in your locality on the basis of whether they rely chiefly or entirely upon human, animal, water, steam or electric power. Why does each industry not utilize some other form of power than that actually used?

4. Classify some of the familiar occupation groups in your community according as they derive their incomes chiefly or entirely from land, labor, capital, or the process of co÷rdinating land, labor, and capital. Test the productivity of each group by the standard advanced in section 67 of the text.

5. Attempt to show to what extent each of the five factors of production has contributed toward the erection and furnishing of your schoolhouse.

II

6. The Industrial Revolution in England. (Ely, _Outlines of Economics_, chapter iv. Cheyney, _Introduction to the Industrial and Social History of England_, chapter viii.)

7. Colonial industries. (_Lessons in Community and National Life_, Series A, pages 73-83; Series B, pages 17-25; Series C, pages 17-25. See also Bogart, _Economic History of the United States_, chapter iv.)

8. The Industrial Revolution in the United States. (Bogart, _Economic History of the United States_, chapter xii. Ely, _Outlines of Economics_, chapter vi. Marshall and Lyon, _Our Economic Organization_, chapter viii.)

9. The significance of the cotton gin. (Consult an encyclopedia.)

10. Cyrus McCormick and the reaper. (Consult an encyclopedia.)

11. The story of a loaf of bread. (Wood, _The Story of a Loaf of Bread_. Additional material on this subject may be secured by writing to the International Harvester Company, Chicago.)

12. The story of iron and steel. (Smith, _The Story of Iron and Steel_, pages 23-126.)

13. Development of business organization. (_Lessons in Community and National Life_, Series A, pages 169-178.)

14. Economic work of the United States government. (Dryer, _Economic Geography_, chapter xxxiii.)