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Rh rate much weakened in force, until the dominant emotion has spent itself.

2. Each wave of collective emotion is followed by a reaction in the opposite direction. Times of depression follow times of elation. Periods of sensuous enjoyment alternate with periods of moral contrition and severity. After the laxity of Charles I and his court came the rigours of puritanism, and after this had run its course came the restoration of the corrupt court of Charles II and the reopening of the flood-gates of carnality. The panic and the speculative fever chase each other. It is hard to say what is the cause of the reaction; but it is a general fact.

3. Two powerful popular emotions can not occur at the same time. This is obviously true if the emotions are opposite, or antagonistic to one another; if one prevails it inhibits the another. It is also true when the two are not opposite but only different, i.e., are concerned with different interests. For instance, before the world war broke out the people of the United States were mildly excited about