Note 15 — Chapter III · INSTITUTIONAL MARRIAGE AND ITS ECONOMIC ASPECTS

This motive is especially powerful in the United States, because monopoly in this country even now permits people to do relatively well. Moreover, there is still a strong current of optimism attributable to the failure of Americans to see that the old days of almost unlimited opportunity ended with the closing of the frontier. If the American family finds itself in straitened circumstances, its members are likely to attribute the fact to “hard times,” and to expect an improvement before long, since the country has recovered from a panic about every twenty years for the past century. They do not understand that the measure of recovery they hope for is now impossible. How many Americans, I wonder, have stopped to ask themselves why this country has suffered from uninterrupted economic “depression,” with the exception of the war-period, ever since the panic of 1907? What they regard as depression is really the normal result of complete land-monopoly and high tariffs. Prices have continued to rise since the war; which is to say that real wages have fallen.