I. Conditions on the Continent, 103. — In Great Britain: technical advance, 106. — Overhead charges, 113. — Labor conditions, 114. — II. American experience: overexpansion of productive capacity and increase in disadvantageous lines, 118. — Conditions of technical equipment, 120. — Wage conditions, 126. — Standardization of products, 128. — Industrial organization, 129. — Possible improvement in competitive strength of American industry: through technical advance, 130. — Through control of wages, 133. — Through increased standardization, 134. — Conclusion, 135.