4O Rents, Wages> and Profits in Agriculture 



rental, there is actually a net loss on the 

 estate (agricultural). 



The villein, or serf, of the Middle Ages 

 has become a substantial tenant farmer, and 

 the feudal baron, who was formerly little 

 better than a slave- owner as regards the 

 masses of the cultivators, has become, in 

 many cases, a model philanthropist. In the 

 whole range of social history there is 

 perhaps no such striking evidence of real 

 progress as in connection with the changes 

 in the nature and in the amount of the 

 rent paid for agricultural land. 



