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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TORY SENTIMENTS exotic trades they had none. Manufactures, which worked 1 up native products, were advantageous in many aspects, but write even these the Tories did not view with much enthusiasm, pene Where industry was organised on the domestic system, and } the artisan had by-occupations available, there was little risk. But the existence of a large wage-earning body of artisans was a cause of considerable anxiety, especially in times of bad trade, and added largely to the numbers of those who might be chargeable to the rates On the whole it may be said that the Tories regarded trade from its immediate effects on the consumer, while the Whigs endeavoured to look farther, at its ulterior effects on the development of the country. Since they were indifferent to the fostering of industry, the policy of the Tories appears bo have some affinity with the laissez faire views which eventually triumphed; and to a certain extent this was the case. The Tories were content to let things develop slowly, and took no keen interest in active measures to stimulate either agriculture or industry. That the Whigs ns . . . ve sults of made grievous mistakes is true, but it is also true that the applying, | main object they had at heart was achieved to an extra- spies had ordinary extent, during the period when they were in power? fh ve, At the time of the Civil War, English industry was but little developed, and English agriculture was very backward. When the Wealth of Nations was published, both had advanced enormously. ‘We may condemn the artificial stimulus Whig measures induced, while yet we recognise the advantage of a forward policy. The principles of the Mercantilists had been more compatible with pushing trade, and with progress, than those of the Bullionists, and survived. The principle of Joint Stock enterprise had been more favourable to the energetic development of commerce than the rules of regu- lated Companies, and these had practically disappeared. In so far as economic interests helped to determine political issues, the Whigs came into power and maintained their position, because they were eager to stimulate material pro- gress both in rural and urban employments. L See above, p. 562 n. 4, and 571, 577; also 638 below. ! Salomon, William Pitt. G4. 601

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