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

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CAPITALIST AND DOMESTIC SYSTEMS IN CLOTHING TRADE 505 maintained during the whole period of Whig Ascendancy. 4-D. 2689 As in other cases, the effort to put down a profitable branch ’ of commerce led to the development of an illicit trade; the great stretch of pasture ground on Romney Marsh offered special facilities for the successful running of wool’. This policy, which tended towards lowering the price of wool, was much favoured by the manufacturers, but it roused the despite jealousy of the landed interest, and in all probability it did te bo some extent defeat its own ends. Wool-growing became [anded, less profitable, almost at the very date when the corn-bounty Act was giving a new security to those who devoted them- selves to tillage. The landowners in the pasture counties were inclined to resent the special favour shown to corn- growing, but the experience of depopulation in the sixteenth century had left an indelible impression on the public mind, and no proposal to develop wool-growing by a system of bounties would have had a chance of passing. At the same time it can hardly be a matter of surprise that, when rules were enforced which tended to keep down the price of wool, the supply showed little sign of increase. The West of and the England manufacturers had opportunities of obtaining wool he was and yarn from Ireland? but even with this assistance, and supple, the legal right to the whole of the English clip, the trade from fails to show an expansion at all commensurate to the pains which were expended on fostering it. The low price of wool would have been advantageous to all manufacturers, domestic and capitalist alike; but the difficulty of transporting a bulky commodity, like wool, gave an advantage to the dealer, who was able to organise the means of conveying his purchase. The domestic weaver, who The bought in small quantities for immediate use, could hardly orice hope to compete with the great stapler, who had facilities for i ol buying in any part of the country. The mediaeval legisla fage in the bion against the regrating of wool was probably designed to of wool. English Commerce, pp. 173, 174, and the Contrast (1782), quoted by Bischoff, Woollen and Worsted Manufactures, 95, 231. See also Smith, Wealth of Nations, tv viii. p. 268. i An Abstract of the proceedings of W. Carter (1694) and Excidium Angliae (1727). 11W.and M.1,c. 82 § 6. The statute only allowed wool from Ireland to be sent to Liverpool, Chester, Bristol, Minehead, Barnstaple, Bideford and Exeter, and to no other ports.

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