![]() ![]() ![]() The considerable accumulation of means of production. ![]() The favourable natural conditions of the country. The great productivity of labour in America is called forth by the following three chief factors: 1. Unfortunately we are not in a position to cite any statistical data which would confirm the fact, but it is well known and widely accepted.1Another equally well-known fact is that the American workers of the white race enjoy a higher degree of material prosperity than any others in the world. The distinguishing feature of American economic management for a long time has been the enormous productivity of labour. Economic Basis of Imperialism in the U.S.
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