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The sentiment grew in the late 1880s among the more advanced capitalists that the industrial economy was as likely to devour them as enrich them, while among workers there was an even more acute sense that teeth were already gnawing at their bones. Herbert Spencer might be sanguine about the ultimate beneficence of this economy, but few of its actual participants were.
The Republic for Which It Stands: The United States during Reconstruction and the Gilded Age, 1865-1896 (Oxford History of the United States)
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