Thus they seriously impaired the social and economic homogeneity, which the pioneer believed to be the essential quality of fruitful Americanism.
II THE DEVELOPMENT OF THE BUSINESS SPECIALIST Before seeking to trace the consequences and the significance of this specialized organization of American practical affairs, we must examine its origin with some care.

An exact and complete understanding thereof will in itself afford an unmistakable hint of the way in which its consequences are to be appraised, and wherever necessary, corrected.

The great and increasing influence of the new unofficial leaders has been due not only to economic conditions and to individual initiative, but to the nature of our political ideas and institutions.

The traditional American theory was that the individual should have a free hand.

In so far as he was subject to public regulation and control such control should be exercised by local authorities, whereof the result would be a happy combination of individual prosperity and public weal.