man joe the king of the workers of the world now what makes it possible for joe to earn such a good living he feels martyrdom workers in other countries are you kidding he's no stronger than workers in other lands oh yeah we're just watch me just because joe's an american doesn't mean yes well be an american is the best thing on the right by your being an american is great but how could you be superior to any foreigner when you  your folks might be any one of a dozen different races or religion so if you're no superman it must the the american way of doing things that make you the luckiest guy in the world i don't character that's your grandfather joe he had to work sixty nine hours a week to earn a living because he had only inexpensive hand tools and his own strength to help him make  this makes it possible for you to earn more than any worker in history  and still have the leisure time each day to enjoy life or marty but what about the rich guy who does nothing while i do the work crew there are rich people who contribute nothing and there are poor people will contribute the thing but most of the invested capital that buys the tools you use comes from your fellow americans forty million of us have money in the bank that when a million of us own insurance policy over fifteen million of us invest savings in corporation stocks and bonds which help to finance industry each year the people of america invest billions of dollars to bring a new plan equipment invested capital buys the tools which make a man's labor worth more because he produces more china for example where there is practically no capital available for investment in plants or tools a man's labor is not worth very much cool it takes ten days to move ten gallons of kerosene one hundred miles great cost of ten cents a gallon an american railroad worker takes only two hours to move one hundred thousand gallons of kerosene one hundred miles at a break cost the one cent a gallon  an average american railroad worker makes ten dollars a day or one hundred times more than the coolidge the average railroad worker had the benefit of a twenty thousand dollar investment in equipment the equipment is worth only ten cents with constant improvement in expensive tools and the skill to use them the value of any man's labor can be multiplied many times  naturally the people in this country who invest their savings with industry expect dividends no dividends no investment without new capital each year and to finance new plants the rules and equipment need i tell you what happened to grand history of our country proves that new inventions create thousands of jobs for everyone they displace so it wasn't long before your grandfather had a better job at more baseball let's work our industrial progress is largely the result of the competitive struggle between companies to capture the market through increased profit huge sums are spent each year to make a better product to sell for less yet regardless of how much money is spent to develop a new idea there is often failure when research proves successful everyone share the accomplishment the business which fails to give the consumer as much value as a competitor gives up and goes bankrupt however on a national scale competition gives the greatest good for the greatest number by continually producing more and better goods at lower price the american way of doing things makes it possible for more people to own their own homes we're only seven percent of the world's population but we have fifty percent of the radio america is on practically all the refrigerators and accept give them plenty of ice quickly and easily we've got ninety two percent of the most of us have the leisure time to enjoy the peace and quiet of the beautiful countryside that we drive about in seventy two percent of the world's automobile under the protection of our freedoms american labor management and capital the greatest production team in the history of mankind have made the united states the industrial master of the world capital must continue to provide industry with the funds to create new tools and plant labor and management must continued when the production of better good that lower price so that more people will be able to buy the things