--- Michael Perelman <michael at ecst.csuchico.edu> wrote:
> But not long thereafter, when the Cotton Crisis hit, Engels was far less
> jolly.
>
>
> On Fri, Aug 01, 2008 at 10:36:40PM -0400, Seth Ackerman wrote:
> > I stumbled on this article while trawling JSTOR. I draw no particular
> > conclusions from it, but it reminded me of several threads gone by....
> >
> > ---
> >
> > Alienation, Communism, and Revolution in the Marx-Engels Briefwechsel
> > Oscar J. Hammen
> > Journal of the History of Ideas, Vol. 33, No. 1 (Jan. - Mar., 1972), pp.
> > 77-100
> >
> > [pp. 91-92]
> >
> > Marx and Engels speculated endlessly on the chances of revolution resulting
>
> > from an endless variety of causes...Above all, they chronically searched
> > the market place for signs of an economic depression, conducive to domestic
>
> > discontent, internal paralysis, and proletarian unrest. Engels'
> > observations covering the period before 1848 had caused him to conclude
> > that such "crises" followed a cyclical pattern - every 5-7 years - and Marx
>
> > was equally optimistic regarding the periodic recurrence of depressions.
> > When an era of unprecedented prosperity followed the 1847 crash, it merely
> > guaranteed the appearance of an equally devastating fall that would follow.
>
> > The "crash" would be "gay" following so much production, Engels wrote.60
> > Marx simultaneously saw "very pleasing prospects of a commercial crisis" as
>
> > a distinct endorsement of Engels' prognosis.61 Engels thereafter decided
> > that the stimulus furnished by California's gold was postponing the event
> > into 1852-53. Following such a colossal output of wares, however, the crash
>
> > would be "beautiful."62 But the expected depression was postponed for
> > several additional years.
> >
> > The joy was all the greater when an unmistakable crisis did appear in 1856.
>
> > This time there would be a "day of wrath" as never before, Engels exulted.
> > All of Europe's industry was "kaputt."63 The greater the pressure grew, the
>
> > greater the wrath of the workers would be.64 The same tonic livened the
> > spirits of Marx. Regardless of his own personal and family distress (a
> > chronic condition over many years), he never felt so "cosy" (sic) since
> > 1849 as in this "outbreak."65 A mood of gay anticipation livened the
> > spirits of both on such occasions. Engels' "dullness" was transformed into
> > "elasticity and bouncing," (sic) as he visited the stock market where his
> > "suddenly elated mood" angered everybody. This time no new California,
> > Australia, or the opening of China were there to give a new stimulus to
> > trade. But, Engels reflected, the pressure first had to become chronic so
> > as to "warm up the masses." Since the long prosperity must have made the
> > masses "damnably lethargic," a delay was necessary so the proletariat would
>
> > fight with a better connaisance de cause. Otherwise the battle would be
> > harder, more extended, and uncertain. "In 1848, we said, now our time has
> > come, and it came in a certain sense," Engels continued. "This time it will
>
> > come completely; now it is a life and death matter. My military studies
> > therewith become more practical; I am studying the present organization and
>
> > basic tactics of the Prussian, Austrian, Bavarian and French armies.
> > Otherwise I only go hunting, that is fox hunting - which is the real
> > school."66
> >
> > 60Engels to Marx, July 30, 1851; ibid., 223-24. The Marx-Engels letters
> > frequently used English words like "crash," "gay," etc. 61Marx to Engels,
> > July 31, 1851; ibid., 224. 62Engels to Marx, Mar. 2, 1852; ibid., 324-25.
> > 63Engels to Marx, Sept. 26, 1856; Briefwechsel, II, 149-51. 64Engels to
> > Marx, Nov. 17, 1856; ibid., 155-57. 65Marx to Engels, Nov. 13, 1857; ibid.,
>
> > 238-39. 66Engels to Marx, Nov. 15, 1857; ibid., 239-43.
> > ___________________________________
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>
> --
> Michael Perelman
> Economics Department
> California State University
> Chico, CA 95929
>
> Tel. 530-898-5321
> E-Mail michael at ecst.csuchico.edu
> michaelperelman.wordpress.com
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>
"I study a lot. That is one of the responsibilities of every revolutionary." Hugo Chavez.