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.

500 PARLIAMENTARY COLBERTISM \.D.1689 importance to the maintenance of the political connection ~1776. . ‘ yg : : 0 long as with the Americans, as establishing a barrier against Bourbon solitical pretensions. The dream which he indulged of an empire of “ontrol was _ 5 natn- federated constitutional monarchies! was premature; even ained. with the greater facilities for communication, the develop- ment of democratic institutions at home, and of responsible government in the colonies, the problem of imperial rule is difficult enough. It may be doubted whether any statesman could have controlled the forces that made for disruption ; but it was undoubtedly the policy of the Whigs, and the stress they laid on fiscal and economic objects, that occasioned the breach. The differences between the Whigs and Tories are also noticeable when we turn to a consideration of fiscal policy. The Tories were in favour of placing the finances of the country on a broad basis, so that all classes of the community should contribute towards the expenses of the state®. They were anxious that the moneyed men should pay their quota; though the difficulties of organising a system of assessment, which should include them, proved insuperable in the seven- teenth and eighteenth centuries. They were also inclined not to prohibit the French trade’, or any branch of commerce, but to make it a source of supply, and they desired to adjust the tariff for revenue purposes, rather than with regard to its alterior effects on industrial development. So far as their fiscal policy was concerned, they were inclined to look at the immediate results; the Whigs carried economic analysis farther, and laid stress on the ulterior and indirect effects of the course which they advocated. With the fostering of manufactures the Tories had not much sympathy; with the planting and nourishing of and were not con- re rned supreme legislative authority and superintending power of the parliament of Great Britain as aforesaid.” Chatham, Correspondence, rv. 533, 534. 1 Hubert Hall, Chatham's Colonial Policy, in American Historical Review, v. 673. An interesting plea for an Imperial Parliament will be found in an anonymous Letter to Dr Tucker on his proposal for a separation. 1774. Brit. Mus. T. 691 (8). 2 See above, p. 425. The opposition of the Tories to the abandonment of the Hearth Tax in 1689 may have been merely factious as Dalrymple asserts ‘Memoirs, part I. p. 10), but it certainly accorded with their fiscal principles. * See above, pp. 456, 458.

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