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Socialism

Note 23 — Chapter II

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For instance, he so improved the machinery and increased the fineness of the threads that, instead of spinning seventy-five thousand yards of yarn to the pound of cotton, he spun two hundred and fifty thousand! At that time a pound of cotton, which in its raw state was worth $1.25, became worth $50 when spun.—Life of Robert Owen, Philadelphia, 1866.—Anonymous.

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