4. What economies are secured by a combined or federated
industry? Page 43.
5. Name some of the savings which are peculiar to
trusts. Page 44.
6. Give an illustration showing the profits of a 406
successful trust promoter. Page 45.
7. What is the effect of industrial combinations upon
competitors? Upon producers of raw material? Page 46.
8. Explain the two phases of the relation between trusts
and labor. Page 47.
9. What conclusion as to the power of the combination
over prices, does the Industrial Commission reach? Page 48.
10. From what two sources do the evils of combination
come? What remedies have been suggested to meet
both classes of evils? Page 50.
Speculation and Crises.
1. How does the speculator reduce for the merchant the
speculative risk attaching to price fluctuations?
Illustrate. Page 52.
2. What social value lies in the service of the speculator?
Illustrate. Page 53.
3. Explain the difference between legitimate speculation
and illegitimate speculation (gambling). Page 54.