We little realize what the loss of these advantages would mean. As a matter of fact, it would mean throughout the white world diminished prosperity, lessened political and military strength, and such relative economic and social stagnation as would depress national vigor and check population. It is even possible to visualize a white world reverting to the condition of Europe in the fifteenth century--thrown back upon itself, on the defensive, and with a static rather than a progressive civilization. Such conditions could of course occur only as the result of colored military and industrial triumphs of the most sweeping character. But the possibility exists, nevertheless, as I shall endeavor to show. Down to the close of the nineteenth century white supremacy was as absolute in industry as it was in politics and war. Even the civilized brown and yellow peoples were negligible from the industrial point of view. Asia was economically on an agricultural basis. Such industries as she possessed were still in the "house-industry" stage, and her products, while often exquisite in quality, were produced by such slow, antiquated methods that their quantity was limited and their market-price relatively high. Despite very low wages, Asiatic products not only could not compete in the world-market with European and American machine-made, mass-produced articles, but were hard hit in their home-markets as well. The way in which an ancient Asiatic handicraft like the Indian textiles was literally annihilated by the destructive competition of Lancashire cottons is only one of many similar instances. With the beginning of the twentieth century, however, Asia began to show signs of an economic activity as striking in its way as the activity which Asia was displaying in idealistic and political fields. Japan had already laid the foundations of her flourishing industrial life based on the most up-to-date Western models, while in other Asiatic lands, notably in China and India, the whir of machinery and the smoke of tall factory chimneys proclaimed that the East was fathoming the industrial secrets of the West.