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Principles of Political Economy, Vol. 2

Note 176-2 — Chapter III

John J. (John Joseph) Lalor translation

Instances of successful strikes: Fortnightly Review, Nov. 1865. Similarly in Germany, in 1865; but there, in truth, many strikes were only defensive and intended to restore the former thing-value of the declined money (Werke, XIII, 151). The English strikes, in 1866 and 1867, failed nearly all, so that wages again declined to their level in 1859, and in many places, to what they had been in the crisis-year 1857. (Ausland, 16 April, 1868.) As to how even in Victoria, strikes which opposed a decline of wages from 16 to from 8 to 10 shillings a day failed, after doing great injury, see Statist. Journ., 1861, 129 ff.

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