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Francis Parkman

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The growth of New England was a result of the aggregate efforts of a busy multitude, each in his narrow circle toiling for himself, to gather competence or wealth. The expansion of New France was the achievement of a gigantic ambition striving to grasp a continent. It was a vain attempt.
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Introduction

 
Francis Parkman

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When America was first made known to Europe, the part assumed by France on the borders of that new world was peculiar, and is little recognized. While the Spaniard roamed sea and land, burning for achievement, red-hot with bigotry and avarice, and while England, with soberer steps and a less dazzling result, followed in the path of discovery and gold-hunting, it was from France that those barbarous shores first learned to serve the ends of peaceful commercial industry.

 
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...against which we should direct all our force, the navy of France: in the destruction of her marine we might see some hope of recovering America; but while our army remained in that country, we were to expect nothing from its operations. On the continent of Europe, it might be employed; there we might contend with France, in a manner that would make her feel that her own consequence was at stake. But the old Whig system of alliances on the continent had been given up, and we were left to fight all our battles by ourselves. If these alliances were renewed, France might then be taught, that rashness, not prudence, had made her enter into the American confederacy...America...might be won in Europe, while England might be ruined in America.

 
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Since the eighteenth century the immense expansion of the worlds wealth has come about as a result of a correspondingly immense expansion of credit, which in turn has demanded increasingly stupendous suspensions of disbelief.

 
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Unusually rapid growth cannot keep up forever; when a company has already registered a brilliant expansion, its very increase in size makes a repetition of its achievement more difficult.

 
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The growth of cities has gone on beyond comparison faster than the growth of the country, and the upbuilding of the great industrial centers has meant a startling increase, not merely in the aggregate of wealth, but in the number of very large individual, and especially of very large corporate, fortunes. The creation of these great corporate fortunes has not been due to the tariff nor to any other governmental action, but to natural causes in the business world, operating in other countries as they operate in our own.

 
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