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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THE RISE OF AN EMPLOYING CLASS 619 body and mind, devoted themselves to remedying other con- A005 ditions with a perseverance certain to be successful. Joining ’ to this determination a practical acquaintance with the de- tails of manufactures, personal superintendence and industry, several of the most eminently successful steam-manufacturers have sprung from this class of people, and have long since become the most opulent of a wealthy community.” The Peels and the Strutts were examples of families which of the emerged from the ranks of the yeomen and acquired great Sn wealth in the cotton trade. Many of the rich manufacturers in such towns as Stockport, Hyde, Duckenfield and Staley- bridge had in early life worked as “hatters, shoemakers, carters, weavers, or some other trade®” Some of these self- made men were not disinclined to be proud of their own success, and to be at once hard and contemptuous towards the man who had shown so little energy as to remain in the labouring class, as if it was less his misfortune than his fault. It was not unnatural that, as the cotton manufacture The im. continued to increase, Manchester should become the centre uments of a school of men who were deeply imbued with the belief Zxction led that in industrial affairs the battle was to the strong and the option of race to the swift. The system, which the Mercantilists had Eolioy for built up with the view of stimulating industry, seemed to industry, this new race only to stifle and hamper it. Under somewhat different circumstances the capitalist employers might have been eager to secure protection. The nouveaux riches of the fourteenth century were eager to protect English muni- cipalities against the intrusion of aliens; the merchant princes of the seventeenth century organised a restrictive system by means of which they hoped to foster the English industry at the expense of the French and the Dutch. American millionaires have found their protective tariff an assistance in building up gigantic trusts. It is at least con- not by ceivable that the cotton manufacturers of the early part of recasting the nineteenth century should have endeavoured to retain for a time a monopoly of industrial power, and have forced other peoples to pay such prices as would have enabled them bo remodel the conditions of production in a satisfactory 1 Gaskell, 25. p. 32. 3 7b. 96.

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