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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520 LAISSEZ FAIRE fashion. This policy would have commended itself to the minds of the artisans; had it been adopted, the cleavage between capital and labour would hardly have been so marked. But the spirit of keen competition had caught hold of the employing class; they were of opinion, and in all probability their judgement on this point was perfectly sound, that it was only by a continued exercise of the activity by which they had found their way into foreign markets that they could hope to retain them. The Manchester School were aiming at the same object as the Mercantilists had pursued during the period of Whig wtby ascendancy: they desired to promote the industrial activity the old of the country; but the means they recommended were the stem. cory opposite of those which had been adopted in earlier days. They felt that they could dispense with fostering care and exclusive privileges; this was in itself a tribute to the success of the policy which had been so steadily pursued for generations. The maritime power of England had been built up, the industry had been developed, the agriculture had been stimulated, and the economic life had become so vigorous that it appeared to have outgrown the need of extraneous help. There seemed to be a danger that the very measures which had been intended to support it should prove to be fetters that hampered its growth. A.D. 1776 18560. II. TE INTRODUCTION OF MACHINERY IN THE TEXTILE TRADES. gation 247. The cotton manufacture was the first of the textile ous the trades to be revolutionised by the introduction of new eld where achinery. Appliances worked by power had been in opera- ution first tion from time immemorial in the subsidiary operations of the woollen trade, such as the fulling-mills; and silk-mills had been erected on the model of those in Piedmont®; but the series of inventions, for carding and spinning cotton, which is associated with the name of Richard Arkwright, marks the beginning of a fresh era. He had been brought 1 See above, p. 519. These mills appear to have inspired Arkwright's deter. mination to apply power to the cotton manufacture. Gentl. Mag., 1792, 11. 863.

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