The existence to our day of this almost primitive economy finds its explanation in the fact that serfdom existed in Russia, in all its unmitigated cruelty, until comparatively recent times. Its abolition through the Emancipation Act of Alexander II--antedating our own Emancipation Proclamation by a few years--struck off the chains that bound twenty millions of peasants to the soil. The emancipation, however, was not complete. The land the peasants received was insufficient for their needs. Other conditions co-operated in the course of time with this primary one, to create a situation of chronic starvation for the great mass of the Russian peasants. Forced by the government to pay heavy taxes, in addition to redemption dues for the land, which they paid until recently, and receiving little help from either government or the nobility for the improvement of their position, they are virtually exploited almost as completely as before the emancipation. Thus, though freed in person, the peasants are to a great extent bound by economic ties to their former masters, the nobles. These two social-economic classes maintain towards each other practically the same relative position held by them before the emancipation. The manor still controls the hut. The former servile relations have persisted psychologically as well. The Russian peasant is still largely a serf in his mentality, in his feeling of dependence, in his inertia and lack of individual enterprise, and, above all, in the smallness of his demands upon life.[4] This fact permeates, as it serves to explain, many aspects of contemporary Russian life. The industrial and commercial stage of Russian economy began with the emancipation, which set free a great supply of labor. The changes that have taken place have nevertheless not obliterated many of the landmarks of the feudal, pre-reformation period. The economic activities of the last half-century present a curious juxtaposition of old and new, medieval and modern. Cottage and village industries but little removed from the natural economy of the earlier period exist by the side of great factories and industrial establishments employing thousands of workmen. Fairs and markets still play a large part in supplying the needs of the peasants, rapidly as they are being supplanted by the commercial activities of the towns. The industrial laborers, recruited mainly from the country, retain largely their peasant interests, relations and characteristics. The payment of wages in kind, which is still in vogue in many parts, and the right of inflicting corporal punishment retained by the employers, give evidence of the strong impress of the servile conditions of the past.