The Cambridge History of English and American Literature in 18 Volumes (1907–21).
VOLUME XVI. Early National Literature, Part II; Later National Literature, Part I.

VI. The Short Story

§ 26. The Latest Period

Beginning about 1898 with the early work of O. Henry and Jack London, there has come what may be called the last period in the history of the short story—the work of the present day. It is the period of magazines devoted wholly to short stories, of syndicates which handle little else, of text books and college courses on the art of the short story, and even of correspondence courses in which the art of making marketable stories may be learned through the mails. In America the short story seems to have become an obsession.