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.

Document type:: Monograph

Structure type:: Contents

Collection:: Economics Books

CONTENTS xxi =] n 3 y Q= er m nN 3 ie 0 18 a aod od an on 10 ‘a8 .Ke a n +2e 0g 315 faire in commerce, combined with a belief that the colonies were an expense to the mother country and that they would gain by independence, rendered the English public indifferent to the retention of the colonies; while the colonists were irritated by occasional interference on behalf of native races in South Africa, and of negroes in the West Indies, where the long protected sugar industry has suffered severely. Protection was also withdrawn from Canadian lumber in accordance with Free Trade doctrine. Emigration was encouraged by Lord Selkirk and the Canada Company, and the advantages of systematic colonisation, as a means of relieving England of redundant population and a plethora of capital, were expounded by Wakefield, whose views were partly adopted in the development of Australia and New Zealand. He helped to create a new enthusiasm at home for colonial empire, while steps were taken, both in Canada and New Zealand, to introduce responsible government and thus plant English institutions and strengthen English influence througho® the world, v + « 880 POSTSCRIPT. 2831. laissez Faire in Commerce. The treatment of the recent economic history of England presents unusual difficulties, especially in view of the development of political life throughout the British Empire. Laissez faire in commerce was long ago accepted as an ideal by individuals, both in England and America, and roused the enthusiasm of the opponents of the Corn Laws, but their expectations as to the action of other nations have not been fulfilled. It may be wise to abandon commercial laissez faire for the sake of securing our food supply, and obtaining an open door for our manufactures. This would harmonise with traditional Whig views of the benefit of commerce in stimulating industry and with the Tory tradition as to distributing the burden of taxation. . . . . . . 865 282. Analogy with the Elizabethan Age. Recent history presents a.parallel with that of the sixteenth century, in the substitution of a new basis for economic organisation ; in the effects of the discoveries of gold and silver on prices and on the relative value of the precious metals; in the facilities for the formation of capital ; in the building up of great fortunes, and in changes in business organisation, which have been facilitated by the telegraph system, o ” . * . . . . . 871 283. The Physical Conditions of Welfare. Whereas Elizabethan statesmen aimed at promoting national Power and the means of attaining it, nineteenth century public opinion is concentrated on the Welfare of the masses, and the conditions for realising it. This affords excuse ior exclusive attention to the interests of labour in England and her colonies § while the policy of other countries is more concerned with national Power, or the interests of Capital. The influence of labour is shown in the respective policies of England and her colonies, and in the development of Trade Unions, Friendly and Co-operative Societies. # . . . 876 284. The English Conception of Weliare. The English conception of Welfare is distinct from that of other peoples, and includes a deep respect for historical tradition and an abandonment of any desire to assimilate asd

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