In 1803, the liberal political economist Francis Jeffrey identified the middle class or "middling ranks" as the social stratum in which this progress took place. The reasonable, sober, polite, and industrious manners of the middle classes (in French, la bourgeoisie ), Jeffrey argued, form the cutting edge of civilization's moral, economic, and social improvement, which trickles down to the other ranks of society.
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But for those at the top of Indian society, British rule brought an administration that was fair, uncorrupt, and comfortably distant. Indian elites in the three presidencies of Bengal, Madras, and Bombay were content to submit to the East India Company's rules, serve in its armies, and help it collect money to pay for them as long as they were left alone to get on with their normal affairs. It was for those at the bottom, especially in eastern India, that the British brought disaster. This
concentration of wealth in capitalist countries must inevitably lead to war. That intense concentration — Britain, France, Germany, and the United States together, Lenin noted, controlled nearly 80 percent of the world's financial capital — had reduced the possibility for fresh profits in capitalist countries themselves, including the United States.
One could say that Aristotle had turned Plato on his head. Instead of the individual being a pale copy of a more real abstract form, the universal is less real (indeed only a copy) of the individual.15 This reversal left Aristotle's philosophy with a built-in bias in favor of the individual: in science, in metaphysics, in ethics, and later in politics.
the United States, led by Wall Street, was becoming entangled financially in the fate of the Entente. Defeat of France, Britain, and Russia could mean their default on their debts; default by the Entente would almost certainly mean bankruptcy for America's leading investment firms, not to mention the corporations that depended on the growing transatlantic business between the United States, the Allies, and their chief entrepôt, the port of London.
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Mandates were largely a fiction, of course. The distinction between "mandate" and "colony," especially in highly colonized Africa, was meaningless. But the idea provided a fig leaf for Wilson's insistence that the Paris conference not become the tool of European imperialism. France and Britain accepted Wilson's phony compromise.
The term used to describe them was rednecks, a Scots border term meaning Presbyterians. Another was cracker, from the Scots word craik for "talk," meaning a loud talker or braggart. Both words became permanent parts of the American language, and a permanent part of the identity of the Deep South the Ulster Scots created.