She is applying all the resources of science and skill and trained labour, which have been in long ages painfully acquired in old countries, to develop with great speed the richest soil and the richest mines of new countries; and the result is untold wealth.
Bagehot describes how America utilizes its resources to generate wealth rapidly, contrasting with older economies.
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More from Walter Bagehot
He had seen that LEISURE is the great need of early societies, and slaves only can give men leisure.
The nation then selected the English policy, but the Crown chose the English Ministers.
One of the greatest pains to human nature is the pain of a new idea.
The work would be done so well that we should not want any one to look over or revise it.
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