The Industrial Revolution

Bibliographic data

Monograph

Identifikator:: 1027928145

URN:: urn:nbn:de:zbw-retromon-159926

Document type:: Monograph

Author:: Cunningham, William http://d-nb.info/gnd/128907487

Title:: The Industrial Revolution

Place of publication:: Cambridge

Publisher:: The University Press

Year of publication:: 1922

Scope:: xxii S., S. 404-886

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

PARLIAMENTARY COLBERTISM 4D. 169 ship-owners to protect themselves by insuring, and caused a very rapid expansion of the underwriters’ business, LO 4, XV. CHANGES IN THE ORGANISATION AND DISTRIBUTION OF INDUSTRY. The foster- ng of ndustry vag the prime bject of sCcOnomic policy during the vertod of Whig As- endancy. 225. The promotion of industry of every kind had be- come the primary object which Parliament pursued in its efforts to build up the wealth and power of England. Sir Robert Walpole had aimed at recasting the tariff so that she materials for our manufactures might be cheap; and the rules for commercial intercourse, which were embodied in sreaties, or laid down under the Navigation Acts, were intended to secure a large sale for our goods. During the period of Whig Ascendancy attention was concentrated on this aspect of economic life, and no effort was spared to make England the workshop of the extensive spheres where her influence and her friendship availed to keep the markets open to our manufactures. wd this For this line of conduct there was much to be said. tefemsible. Labour is, to a very large extent, the active element in the increase of wealth?; and the more it is brought into play, the more the other sides of economic life will prosper. In- dustrial development furnished commodities with which to carry on trade, and thus gave employment to shipping and seamen; it provided the means of procuring such foreign products as were most required; it gave occupation to a large population, and thus brought about a demand for food, and encouraged agriculture? There seemed therefore to be good grounds for attempting to foster the growth of in- dustrial activity, not merely through the natural influence of expanding commerce, but by the artificial stimulus of bounties as well, ’ Merchants’ Petition (1742), tb. xu. 446, 753; Commercial Losses (Feb. 6, 1778), +b. 1x. 709, also xx, 1144. Also on the alarm caused by Paul Jones and pirates on our coasts, tb. xxi. 486; Difficulties with Holland, £5. 963. 1 Petty, Treatise, 49. See above, p. 383. 8 Compare Sir J. Steuart, Inquiry into the Principles of Political Economy, in Works. 1. 85. 45. 153. See pn. 704 n. 1. below.

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