Note 49 — Chapter II · THE STATISTICIANS.
Henry P. (Henry Pomeroy) Horton translation
“The great economic crisis beginning in 1873 was accompanied by the characteristic phenomenon that dissatisfaction with the existing economic, social, and political conditions affected wider circles than heretofore, that this embittered people’s minds, and brought about sharp oppositions and struggles of the industrial classes against each other, especially the struggle of labor against capital. The need of an economic reform was more and more felt, which is to be attained, in the opinion of the powerful, by force, and in that of the thoughtful, by social legislation. All public life since the seventies has been dominated by this idea.”49