"French and German Socialism in Modern Times" by Richard T. Ely is a historical account written in the late 19th century. The book examines the development of socialism and communism, particularly in France and Germany, offering an analysis of various thinkers and movements associated with these ideologies. Ely aims to present a fair and balanced view of modern socialism's roots and implications, making it a relevant study for those interested in political economy and social reform. The opening of the work introduces the historical context of social discontent that emerged after the French Revolution, highlighting how dissatisfaction with existing social, political, and economic systems gave rise to various socialist and communist theories. Ely emphasizes the transition from earlier social structures, where class ties were more personal, to a more atomized modern society, which contributed to a growing awareness among the working classes of their rights and status. He sets up the foundation for exploring the works and ideas of key figures in socialism by identifying the fundamental changes in societal organization brought about by the Revolution, signaling that these movements were not merely theoretical but involved practical attempts at social restructuring. (This is an automatically generated summary.)