Full text: The Industrial Revolution

CONTENTS. 
PART 3. PARLIAMENTARY COLBERTISM. 
XI. Tae Excrise REVOLUTION. 
209. Parliament as Supreme Judge of Public Interest. At the 
Revolution, Parliament became supreme over economic affairs ; but the 
House of Commons was not well fitted to exercise this responsibility 
judicially, Trading Companies had recourse to corrupt means of obtaining 
public support, and the Crown relied on similar means. The policy of so 
regulating trade, that it might react on industry, harmonised with Whig 
jealousy of France. . . . ‘ . . 403 
210. Parliamentary Control of the Administcation. The Whigs in the 
House of Commons aimed at obtaining administrative authority over trading 
affairs, though in this they were foiled ; but by their hold on the purse- 
strings, they determined on what objects money might be spent, and
	        
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