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.

VII. LAISSEZ FAIRE. AD. 1776 ~—1850. I. Tae WORKSHOP OF THE WORLD. 242. THE period, which opened with Arkwright's me- The chanical inventions, has been the commencement of a new unnie era in the Economic History, not only of England, but of pac in the whole world. It marked one of the great stages in England the growth of human power to master nature. The discovery of the New World, and of the sea route to India, had been events which gradually altered the whole method and scale on which European commerce was carried on. The applica- Sion of water-power, and of steam, to do the work which had been previously accomplished by human drudgery, is com- parable with the commercial revolution of the sixteenth century, as a new departure of which we do not even yet see the full significance. Physical forces have been utilised so as to ald man in his work ; and the introduction of machinery continues slowly, but surely, to revolutionise the habits and organisation of industrial life in all parts of the globe. Half- civilised and barbarous peoples are compelled to have re- course, as far as may be, to modern weapons and modern means of communication; they cannot hold aloof, or deny themselves the use of such appliances. But the adoption of entails a modern methods of production and traffic is hardly consistent en with the maintenance of the old social order, in any country Z22% on this earth. England was the pioneer of the application of mechanism to industry, and thus became the workshop of the world, so that other countries have been inspired by her ex- ample. The policy of endeavouring to retain the advantages of machinery for England alone was mooted, but never very seriously pursued, and it was definitely abandoned in 1825. . 20

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