"It is pertinent here to point to the different conditions under which contemporary revolutions of the East have to be carried out as distinct from those of the Americas in the late eighteenth and early nineteenth centuries. In the latter case Investment flowed freely from Europe to America, and along with the investment went skilled artisans of all kinds. It is true America did not have a large peasant population, but this was a further advantage. It was an empty country and it was filled by waves of migrants from Europe; many coming from backward European countries, but the advanced nations also made their contribution. Much of the machinery reaching America took the form of involuntary gifts, for the workings of the capitalist system produced a series of crises accompanied by bankruptcies which left much of the exported capital equipment unencumbered by subsequent financial claims. To this Europe added two wars partly financed by forced sales of European assets in America."