Race between dividing and unifying forces; competitive capitalism, conquest of frontier, survival of fittest, tendency to collectivization of big groups; agriculture and labor now have power like corporations; mistaken policies of industry and labor, leading to boom and crash temptation to farm and other groups to overplay hand; tariff grab; "group abuse of governmental monopolistic powers"; "competitive scarcity"; industry's scarcity policies; need balanced abundance; unifying forces; conquest of physical frontier; imperialistic gain, war, communism, fascism, inflation (Pascal: knowledge like circle--greater it is, the more there is to know); unity through democracy; parallel to Articles of Confederation; same patience needed; unity based on economic balance and advancing culture, new frontier of mind and spirit; problem tied up with foreign relations, world unity "within the bounds of the great, encircling whole."

In 1934 the industry reduced production by 42 percent below 1929 and reduced its prices by only 15 per cent to maintain prices; abused governmental powers, ignored obligation to nation; result crippled industry, caused unemployment; agricultural policies blamed, though agriculture, even with drought of 1934, produced only 15 per cent less than in 1929, while its prices were 42 per cent less than 1929.