However it may seem, these two facts—the interruption of immigration and the accumulation of capital—cannot be considered independently of each other. The inquiry opened by the Social Museum of Argentina (La immigracióninmigración despues después de la guerra, Museo Social Argentino, "Bol. Mensual," viii, 1919, nos. 85-90) show that a speedy restoration of immigration is expected in the Republic. Certainly it seems clear that the political and social insecurity in Europe, the misery of the old world, will probably enhance the attractions of Argentina. We must remember, however, that the stream of emigration from Europe to the Republic in the nineteenth, and the beginning of the twentieth, century was provoked by a complex combination of economic conditions which were closely related to each other. High wages in Argentina were connected with the high interest on money; that is to say, in other words, with the scarcity of capital. The future will decide whether immigration, and the rapid progress of colonization and production, which characterize pre-war Argentina can be adjusted to the policy of accumulation of capital to which the war has condemned the country.


[CONTENTS]


[ILLUSTRATIONS]