The American farmer, whose holdings were not so extensive as those of the grandee nor so tiny as those of the peasant, whose psychology was Protestant and bourgeois, and whose politics were petty-capitalist rather than traditionalist, had no reason to share the social outlook of the rural classes of Europe. In Europe land was limited and dear, while labor was abundant and relatively cheap; in America the ratio between land and labor was inverted.
Richard HofstadterRelated topics
bourgeois cheap dear farmer labor land limited nor outlook peasant politics protestant psychology ratio reason rural share traditionalist whileRelated quotes
In speaking of the European slave trade, mention must be made of the U. S. A., not only because its dominant population was European but also because Europe transferred its capitalist institutions more completely to North America than to any other part of the globe, and established a powerful form of capitalism-after eliminating the indigenous inhabitants and exploiting the labor of millions of Africans.
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